China trade surplus with US widened to record high of $28.97 billion in June
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.
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...
China’s trade surplus with the U.S. surged to a record monthly high in June, with exports swelling just as trade tensions between the world’s two largest... Wall Street Journal - WorldAlso reported by •FXstreet.com •SeattlePI.com •Seattle Times •Newsmax
*China Trade Balance overview*
China's latest Trade Balance figures are due Friday, expected sometime after 02:00 GMT, and traders will be taking extra notice... FXstreet.com - MarketsAlso reported by •Profit Confidential
Forex today saw limited action in Asia, with most majors sticking to tight trading ranges, despite upbeat Chinese trade figures. Meanwhile, the US dollar... FXstreet.com - MarketsAlso reported by •Profit Confidential
WASHINGTON (AP) — The federal government recorded a $74.9 billion deficit in June, a month when the government often runs a surplus, as corporate taxes dropped... SeattlePI.com - BusinessAlso reported by •Seattle Times
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