08/09/18

China's Trade Surplus With US Hits Record High At Worst Possible Time



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China's Trade Surplus With US Hits Record High At Worst Possible Time
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Three days after the US reported a record trade deficit with China, Beijing returned the favor and overnight the General Administration of Customs announced that China's trade surplus with the U.S. hit another record monthly high in August, rising to $31.05 billion from $28.09 billion in July, and surpassing the previous record set in June as the world's second-largest economy faced the threat of more tariffs from the Trump administration.

A key reason for the latest record print ....

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