China’s Oct trade surplus with the United States at $40.75 billion

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China’s Oct trade surplus with the United States at $40.75 billion

BEIJING (Reuters) – China’s trade surplus with the United States was $40.75 billion in October, Reuters calculations based on customs data showed on Sunday, down from $42 billion in September.

For the first ten months of the year, the surplus was $320.67 billion.

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– [Biden Calls Pope a ‘Warrior for Peace’ President Joe Biden gave Pope Francis a coin in memory of his deceased son Beau and a handwoven garment from a historic Washington church during his first visit to the Vatican since taking office.

Bloomberg]

– [Sen.Kaine Sees Infrastructure Bill Passage Within 10 Days Senator Tim Kaine, a Virginia Democrat, says he expects President Joe Biden’s economic agenda won’t get finished and passed until late November, but that Congress will act more quickly on a separate infrastructure bill.“I think the infrastructure bill will go to Biden’s desk within the next 10 days, and I think the reconciliation bill will be voted on by the Senate right before the Thanksgiving recess,” Kaine said on “Balance of Power.Bloomberg]

– [China’s Hypersonic Weapons Test ‘Concerning’: Gen.Milley The U.S.’s top uniformed military officer called China’s suspected test of a hypersonic weapons system a “very concerning” development in the escalating competition between Washington and Beijing.General Mark Milley, chairman of the Joint Chiefs of Staff, says the Chinese military is “very capable.” He says the U.S.

is also developing technology to include hypersonic weapons.He spoke on “The David Rubenstein Show: Peer-to-Peer Conversations.” This was recorded Oct.

20.Bloomberg]

Earlier in October, U.S.Trade Representative Katherine Tai pledged to exclude some Chinese imports from tariffs while pressing Beijing over its failure to keep some promises made in a “Phase 1” trade deal made under the Trump administration.

(Reporting by Muyu Xu, Stella Qiu and Beijing Newsroom; Editing by Christian Schmollinger)

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