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China's first-quarter trade surplus with U.S. rises 19.4 percent

Reuters  |  BEIJING 

(Reuters) - China's trade surplus with the rose 19.4 percent in the first quarter to $58.25 billion from the same period a year earlier, customs said on Friday.

China's March trade surplus with the U.S. fell to $15.32 billion, according to calculations based on official data, compared with $20.96 billion for February.

The data follows weeks of tit-for-tat tariff threats by and Beijing, sparked by U.S. frustration with China's massive bilateral trade surplus and intellectual property policies, which have fueled fears of a global trade war.

China's exports to the U.S. increased 14.8 percent from a year earlier in January-March period, told a briefing in Beijing, while imports from the U.S. also rose 8.9 percent.

Customs has not yet released the data for March.

(Reporting by and Monitoring Desk; Editing by Kim Coghill)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 08:32 IST