US trade deficits with other countries can vary significantly, depending on how they’re measured
US President Donald Trump has frequently criticised America’s trade deficit with China, and in recent weeks he has threatened to impose tariffs on Chinese products as a means of reducing that imbalance.
KUALA LUMPUR (May 26): Former Attorney-General Tan Sri Abdul Gani Patail, who is a former member of the steering committee that set up the Malaysian Aviation Commission (Mavcom), came out today in defense of the commission facing criticism for imposing a regulatory service charge (RSC) of RM1 on all passengers except those using the Rural Air Services (RAS), starting May 1.
(May 25): Malaysia’s newly elected Prime Minister Mahathir Mohamad has given his clearest signal yet as to what his China policy will be, telling top diplomats that Kuala Lumpur’s friendship with Beijing will remain solid.
In an internal memo to foreign affairs staff, dated May 14 and obtained by This Week in Asia, Mahathir told foreign ministry secretary general Ramlan Ibrahim that “our strong ties with China … will continue to flourish”.