China's 2018 trade surplus with US hits record high $323B
https://apnews.com/9455e9cc55f343e0b7f143ac8278ced6
BEIJING (AP) — China's 2018 trade surplus with the United States surged to a record $323.3 billion but exports contracted in December as the delayed impact of President Donald Trump's tariff hikes started to hurt demand.
Exports to the United States in 2018 rose 11.3 percent to $478.4 billion despite Trump's punitive duties in a fight over Chinese technology ambitions, customs data showed Monday. Imports of American goods rose just 0.7 percent over 2017, reflecting Beijing's retaliatory tariffs and encouragement to importers to buy more from non-U.S. suppliers.
China's 2018 trade surplus with US hits record high $323B
Jan 14, 2019, 6:14am UTC
https://apnews.com/9455e9cc55f343e0b7f143ac8278ced6
> BEIJING (AP) — China's 2018 trade surplus with the United States surged to a record $323.3 billion but exports contracted in December as the delayed impact of President Donald Trump's tariff hikes started to hurt demand.
> Exports to the United States in 2018 rose 11.3 percent to $478.4 billion despite Trump's punitive duties in a fight over Chinese technology ambitions, customs data showed Monday. Imports of American goods rose just 0.7 percent over 2017, reflecting Beijing's retaliatory tariffs and encouragement to importers to buy more from non-U.S. suppliers.