The trade data could further push Washington to impose the next slab of tariffs on U.S. import of Chinese goods worth $200 billion.
Customs data disclosed on Saturday showed China’s trade surplus with the United States has widened to a record $31.05 billion in August 2018, up from $28.09 billion in July and $28.93 billion in June.
The politically charged development assumes significance in the wake of Trump’s Make in America economic policy which has resulted in a trade war between the two countries.
For the January to August period, China’s trade surplus with the United States touched $192.64 billion compared to around $167.94 billion for the same period, last year.
Its trade surplus with the U.S, has become a sore point in relations and is the core point of a bitter escalating trade war between the the world’s two biggest economies.
Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy, Sustainability
Leave a comment