Print Edition - 2018-03-09  |  Money Digest

China’s trade surplus with the US narrows


Mar 9, 2018-

China’s trade surplus with the United States narrowed for a second month in a row in February, dropping to $21 billion, official data showed Thursday amid rising trade tensions with the Trump administration. The monthly customs data presentation came after President Donald Trump tweeted that China had been asked to cut the trade imbalance by $1 billion this year. Trump has raised fears of a global trade war with his plan to sign off on tariffs on steel and aluminium as early as Thursday, though the White House signalled that US allies could get a reprieve. While China’s surplus with the US was down from $21.9 billion in January and $25.6 billion in December, it is still more than double that of February last year, according to the Chinese customs bureau.

Published: 09-03-2018 09:15

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