China’s September trade surplus with U.S. widens to record $34.13 billion

FILE PHOTO - Shipping containers are seen at a port in Lianyungang
FILE PHOTO – Shipping containers are seen at a port in Lianyungang, Jiangsu province, China September 8, 2018. REUTERS/Stringer

October 12, 2018

BEIJING (Reuters) – China’s trade surplus with the United States surged to a record high of $34.13 billion in September, compared with $31.05 billion in August, Chinese customs data showed on Friday.

The September surplus with the U.S. was larger than China’s overall trade surplus of $31.69 billion for the month.

For January-September, China’s trade surplus with the United States was $225.79 billion, compared with about $196.01 billion in the same period last year.

China’s large trade surplus with the United States has long been a sore point with Washington and is at the center of an increasing bitter dispute between the world’s two biggest economies.

The United States and China imposed new tit-for-tat tariffs against each other’s goods in late September, the latest escalation in a heated trade war between them.

(Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)

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