China Business surplus with US hits record high in 2018

The monthly trade surplus of China with the United States reached a value of almost $ 29 billion (£ 22 billion) in June and was exported to the United States remained strong. The figures come a week after the trade war began between the two, with the United States imposing tariffs on $ 34 million of Chinese products and China retaliating.

 This week, Trump threatened to impose 10% tariffs on another $ 200 billion of Chinese imports. 

Analysts expect the impact of tariffs on July figures. "We expect the July trade figures to be disappointing because the first round of US tariffs went into effect," said Amy Zhuang, a China analyst at Nordea Bank in Singapore.
source :
http://fortune.com/2018/07/11/trump-china-trade-war-200b/ 

 "Still, there is no hope for a fall because those tariffs alone were destined for a value of $ 34 billion, which is quite small compared to China's total trade," he said. In the first six months of the year, exports from China to the US UU Increase 13.6% over the previous year, while imports from the US UU They increased 11.8%. Its trade surplus with the United States during the same period was $ 133.76bn, compared to $ 117.51bn last year.

China Business surplus with US hits record high in 2018 

By Christian