U.S. Markets closed

China Trade Surplus With US Widens to Record $34.1B

NBC Bay Area
China Trade Surplus With US Widens to Record $34.1B

China's trade surplus with the United States widened to a record $34.1 billion in September as exports to the American market rose by 13 percent over a year earlier despite a worsening tariff war. Exports to the United States rose to $46.7 billion, down from August's 13.4 percent growth, customs data showed Friday. Imports of American goods increased 9 percent to $12.6 billion, down from 11.1 percent. Chinese exports to the United States have at least temporarily defied forecasts they would weaken after being hit by punitive tariffs of up to 25 percent in a fight over American complaints about Beijing's technology policy. "Exports continued to defy U.S. tariffs last month but imports struggled