China’s Trade Surplus With U.S. in August Reaches Record

China’s trade surplus with the U.S. rose to a record in August, as President Donald Trump ramps up pressure on Beijing. The nation’s trade gap with the U.S. widened to $31.1 billion during the month, according to Bloomberg calculations. The increase came despite exports climbing at the slowest pace since March. Shipments rose 9.8 percent in dollar terms, the customs administration said Saturday. Imports climbed 20 percent. Chinese exporters are feeling the pain as trade tensions between the world’s two biggest economies get worse. Trump turned up the heat again on Friday, threatening to impose tariffs on an extra $267 billion in Chinese goods. That would be on top of duties on $50 billion already in force and another $200 billion in the works. Read More @ https://www.bloombergquint.com/china/2018/09/08/china-s-export-growth-in-august-beats-forecasts-in-yuan-terms#gs.shS7goQ

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