You are here: Home » International » News » Economy
Business Standard

China's record trade surplus with US in August adds fuel to trade war fire

Moreover, China's imports from the United States grew only 2.7% in August, a slowdown from 11.1% in July

Reuters  |  Beijing 

China's trade surplus with the United States widened to a record in August even as the country's export growth slowed slightly, an outcome that could push President Donald Trump to turn up the heat on Beijing in their cantankerous trade dispute. The politically sensitive surplus hit $31.05 billion in August, up from $28.09 billion in July, customs data showed on Saturday, surpassing the previous record set in June. Over the first eight months of the year, China's surplus with its largest export market has risen nearly 15 per cent, adding to tensions in the trade ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, September 08 2018. 13:19 IST