China’s trade surplus with US hits record as exporters rush to beat tariffs

Girgijen Labarai July 13, 2018

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Reuters

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ID:

1531488183363268800

Fri, 2018-07-13 08:07

BEIJING: China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington.
But signs exporters were rushing shipments before tariffs went into effect in the first week of July suggest the spike in the surplus was a one-off, with analysts expecting a less favorable trade balance for China in coming months as duties on exports start to bite.