China’s trade sur­plus with US hits record

Business Standard - - WORLD -

China’s trade sur­plus with the United States swelled to a record in June. But signs ex­porters were rush­ing ship­ments be­fore tar­iffs went into ef­fect in the first week of July sug­gest the spike in the sur­plus was a one-off, with an­a­lysts ex­pect­ing a less favourable trade bal­ance for China in com­ing months as du­ties on ex­ports start to bite.

China’s trade sur­plus with the US widened to a record monthly high of $28.97 bil­lion, up from $24.58 bil­lion in May.

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