China trade sur­plus with U.S. widens to record $34.1B

The Guardian (Charlottetown) - - BUSINESS -

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.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.