(Yawen Chen, Elias Glenn – Reuters)
China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington.
But signs exporters were rushing shipments before tariffs went into effect in the first week of July suggest the spike in the surplus was a one-off, with analysts expecting a less favorable trade balance for China in coming months as duties on exports start to bite.
The data came after the administration of U.S. President Donald Trump raised the stakes in its trade row with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports, including numerous consumer items. Click here to read more.
- China Trade Surplus With U.S. Widens Unexpectedly (Deutsche Welle)
- China’s Record Trade Surplus With U.S. Risks Further Inflaming Trade Tensions (Reuters)