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China trade surplus with US widened to record high of $28.97 billion in June

FXstreet.com Friday, 13 July 2018
The de-escalation of US-China trade dispute looks like a distant dream, given the China's trade surplus with the US hit a record high of $28.97 billion in June. 

Chinese exporters reportedly front-loaded shipments to the US ahead of the July 6 tariff deadline and that could have boosted the surplus to record highs. Still, the record deficit with China could irk Trump administration, which is already considering imposing tariffs on an additional $200 billion worth of Chinese imports. 
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News video: China's Trade Surplus With The U.S. Hits Record Level

▶ China's Trade Surplus With The U.S. Hits Record Level 00:46

BEIJING (Reuters) - China’s trade surplus with the United States swelled to a record in June as its exports accelerated broadly, a result that could further inflame a bitter trade dispute with Washington. The data came after the administration of U.S. President Donald Trump raised the stakes in its...

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