Taiwan's exports fell 8.8 percent in February from a year earlier to US$20.39 billion, the fourth consecutive month of year-on-year decline, according to data compiled by the Ministry of Finance (MOF). The United States and China have been battling over trade tariffs since previous year. "We must not let them fool us into thinking this new "law" is anything other than a shiny object that will do nothing to stop Chinese state-directed actors' continued assault on USA companies' intellectual property and trade secrets", Rubio said.
Its politically sensitive trade surplus with the U.S. narrowed to US$14.7 billion for the month from US$27.3 billion in January, the Chinese General Administration of Customs data showed.
China's exports for the first two months fell 4.7 percent, and imports were down 3.1 percent, estimated Yeung of ANZ.
The never-ending saga of US-China trade talks trudged on this week, again dominated by one theme: uncertainty.
Recent economic data points to the difficulties China faces with growth in the last three months of 2018 clocking in at 6.4 per cent.
On Friday, Willems said the two countries had made progress in talks but that there was still much more left to be done.
Exports to Europe decreased 15.9 percent to US$2 billion and exports to Japan were down 4.4 percent to US$1.54 billion, the MOF said.
US job creation screeches to a halt in February
On a more positive note, the proportion of part-time workers who'd prefer full-time jobs fell sharply last month. January's job growth was revised up to 311,000 from 304,000 and December was revised up to 227,000 from 220,000.
European Central Bank sees interest rates unchanged at least through 2019
MSCI's 47-country benchmark world index dropped for a fifth straight session - its longest losing streak since December's rout. Spot gold rose 0.6 percent to $1,292.52 per ounce as of 1305 GMT, while US gold futures gained 0.5 percent to $1,292.90.
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But the New York Times reported that Chinese officials are leery of continued discussions and don't want to commit China to structural changes in its economy.
U.S President Donald Trump said on Wednesday that trade talks were moving along well and predicted either a "good deal" or no deal between the world's two largest economies. During the talks Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer enjoyed take out food, he said.
He also lowered the government's goal for economic growth to a range of 6 to 6.5 percent for 2019, down from about 6.5 percent past year.
The economic superpowers have been locked in a trade battle since last summer, striking out with steep tariffs on more than $360 billion in two-way trade, which is beginning to sap economic growth and business confidence.
China's slowdown and the trade war are having an increasing impact on other trade-reliant countries and businesses worldwide.
Chinese Vice Commerce Minister Wang Shouwen said he was optimistic about negotiations with Washington, but added any trade mechanism achieved must be equal and fair. However, the plunge can also be attributed to declining global demands of some goods.