China’s Trade Surplus With U.S. Hits New Record

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from The Wall Street Journal,

U.S.-China trade gap widens to $31.05 billion.

China’s trade surplus with the U.S. hit another record monthly high in August as the world’s second-largest economy faced the threat of more tariffs from the Trump administration.

China’s trade surplus with the U.S. widened to $31.05 billion last month from $28.09 billion in July, while its total trade surplus narrowed, data from the General Administration of Customs showed Saturday.

The data came as Washington prepared to roll out a third round of tariffs, moving it closer toward imposing levies on virtually all Chinese goods entering the U.S.

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