BEIJING | China’s 2018 trade surplus with US hits record high $323B

13Jan - by Editor - 0 - In STL.News

BEIJING—January 13, 2019—  China’s politically sensitive trade surplus with the United States surged to a record $323.3 billion in 2018 as a tariff battle with Washington intensified.

Chinese customs data released Monday showed December exports to the U.S. contracted 3.5 percent compared with a year earlier, however, as President Donald Trump’s punitive tariffs hit in a fight over Chinese technology ambitions.

Exports to the United States held up through 2018 despite Trump’s tariff increases as exporters rushed to fill orders.

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