Vietnam is buying more US goods to help it reduce a US$39.5 billion surplus after President Donald Trump calls the country a trade abuser.
This comes after positive growth of 1.1% in exports in April.
Lopez Obrador proposed a primary surplus of 1% of gross domestic product for next year and his administration expects this year’s surplus to be about 0.8%
The increasingly lopsided trade in goods between the two nations threatens to further derail prospects for a trade deal during a 90-day negotiation period.
Technical committee projected a global oil surplus will resurface in 2019 if they continue to produce at current rates.
The Sabah chief minister also calls for cooperation to explore new sources of revenue for the state.
The trade surplus in September jumped to RM15.3 billion, the biggest trade surplus recorded since October 2008.
Accusing Najib Razak of resorting to personal attacks, the finance minister reiterates that the previous government left the nation’s finances in a bad state.
China's trade surplus with the US grew 10% in September from a record US$31 billion in August, according to China's customs administration. It was a 22% jump from the same month last year.
In the past few days, fears of a trade war have mounted following US President Donald Trump announcement on Thursday of plans for tariffs on up to US$60 billion of Chinese goods.
Japan's surplus with the United States has edged up 3.4% on increased exports in automobiles.
Writer says only a leader with financial discipline and vision, and an exceptional passion for Sabah's economic success could keep the state in good financial shape.
Penang CM Lim Guan Eng says Gerakan sec-gen does not seem to understand differences between accounts under government, PDC, MBPP and MPSP.
Penang chief minister also clarifies that state’s annual budget surpluses not due to land sales amounting to RM658 million.