China trade surplus with U.S. widens to record $34.1B
BEIJING - China’s trade surplus with the United States widened to a record $34.1 billion in September as exports to the American market rose by 13 per cent over a year earlier despite a worsening tariff war.
Exports to the United States rose to $46.7 billion, down from August’s 13.4 per cent growth, customs data showed Friday. Imports of American goods increased 9 per cent to $12.6 billion, down from 11.1 per cent.
Chinese exports to the United States have at least temporarily defied forecasts they would weaken after being hit by punitive tariffs of up to 25 per cent in a fight over American complaints about Beijing’s technology policy.