I thought trade wars were easy to win.
China's surplus with the U.S. grew 17 percent from a year ago to hit $323.32 billion in 2018, according to government data. It was the highest on record dating to 2006, according to Reuters. The deficit that the U.S. has with China is likely even bigger than these figures indicate since China calculates the numbers using different methods, sometimes excluding goods that end up in the U.S. via other countries.
Exports to the United States rose 11.3 percent year on year in 2018, while imports from the U.S. to China rose a meager 0.7 percent during that period.
China said its overall trade surplus for 2018 was $351.76 billion. Exports rose 9.9 percent from 2017 while imports grew 15.8 percent over the period, official dollar-denominated data showed.
While the surplus with the U.S. may have risen, last year's overall Chinese trade surplus was the lowest since 2013, even though export growth was the highest since 2011, according to Reuters' records.
US trade deficit with China grows to a record and it's likely even worse than the data show
- China's trade surplus with the U.S. — closely watched amid the tariff war between the two countries — grew 17 percent from a year ago to hit $323.32 billion in 2018.
- According to Reuters, that's the highest on record dating to 2006.
- Exports to the U.S. rose 11.3 percent year on year in 2018, while imports from the U.S. to China rose 0.7 percent over the same period
China's surplus with the U.S. grew 17 percent from a year ago to hit $323.32 billion in 2018, according to government data. It was the highest on record dating to 2006, according to Reuters. The deficit that the U.S. has with China is likely even bigger than these figures indicate since China calculates the numbers using different methods, sometimes excluding goods that end up in the U.S. via other countries.
Exports to the United States rose 11.3 percent year on year in 2018, while imports from the U.S. to China rose a meager 0.7 percent during that period.
China said its overall trade surplus for 2018 was $351.76 billion. Exports rose 9.9 percent from 2017 while imports grew 15.8 percent over the period, official dollar-denominated data showed.
While the surplus with the U.S. may have risen, last year's overall Chinese trade surplus was the lowest since 2013, even though export growth was the highest since 2011, according to Reuters' records.
US trade deficit with China grows to a record and it's likely even worse than the data show
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