Economics

China's Trade Surplus With the U.S. Just Keeps on Growing

Bilateral surplus at $28.97 billion highest since 1999
Import growth slowed, signaling weaker second half output

Donna Kwok, a senior China economist at UBS, discusses the nation’s trade data, and the dispute with the U.S.(Source: Bloomberg)

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By Bloomberg News

July 13, 2018 at 3:13 AM UTC

Updated on

July 13, 2018 at 9:14 AM UTC

This article is for subscribers only.

China’s monthly trade surplus with the U.S. rose to a record in June, underlining the imbalance at the heart of an escalating trade war between the world’s two largest economies.

The trade surplus with the U.S. stood at $28.97 billion, the highest in any month in data back to 1999. Exports climbed to $42.62 billion, also a high, the customs administration said on Friday.