China’s trade surplus with the U.S. at record high in August 2018

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.

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