China Trade Surplus Soars to $1 Trillion Ahead of Trump Return
Photographer: Qilai Shen/Bloomberg
Good morning. China’s trade surplus hits a record ahead of Donald Trump’s return to the White House. UK Chancellor Rachel Reeves returns from Beijing with deals and investments. And Europe’s largest pension fund sells its entire stake in Tesla. Listen to the day’s top stories.
China’s trade surplus soared to a record $992 billion in 2024, with exports at an all-time high, as companies rushed to get goods out the door ahead of Donald Trump’s return to the White House after he promised higher tariffs on goods coming to the US once he’s in power.