A big boost to US business in Chinese markets, as China boosts exports
By Matthew M. McBride, Washington Bureau ChiefBloomberg NewsApril 4, 2019—President Donald Trump’s administration on Friday lifted sanctions on the Chinese government, which is the world’s largest emitter of greenhouse gas emissions.
The lifting of the U.S. sanctions, announced by White House Press Secretary Sarah Sanders, comes a day after China announced a surge in its exports to the United States, with the nation’s top manufacturer of tires for automobiles, tires and a host of other products, saying it was increasing imports.
The White House announced the lifting of sanctions on Thursday, as Chinese President Xi Jinping and Chinese President Jiang Zemin met with Trump.
It was the first time Xi had met Trump since his inauguration last month.
China also announced it had added more than 1.1 million new jobs, more than the previous record set by President Barack Obama.
The country is a global economic powerhouse with $16 trillion in annual trade.
The Trump administration has been pressing Beijing to lift the restrictions on its own economy.
China has said it will only lift restrictions on goods, such as food and fuel, when the U,S.
Congress passes legislation that will lift the trade sanctions.