BEIJING (Reuters) – China’s trade surplus with the United States widened to $35.55 billion in November, compared with $31.78 billion in October, Chinese customs data showed on Saturday.
For January-November, China’s trade surplus with the United States was $293.52 billion, compared with about $251.26 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 a bitter dispute between the world’s two biggest economies.
The two countries have hit each other with tit-for-tariffs on goods worth hundreds of billions of dollars.
In Argentina last weekend, Presidents Donald Trump and Xi Jinping agreed to a 90-day truce that delayed the planned Jan. 1 U.S. hike of tariffs to 25 percent from 10 percent on $200 billion of Chinese goods while they negotiate a trade deal.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: Investing.com