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)Bloomberg News
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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.
