China hits a record trade surplus with the US as tensions mount

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China hits a record trade surplus with the US as tensions mount
Posted July 13, 2018 19:57:20 China’s trade surplus with the US has surged to a record high, further escalating tensions between the world’s two biggest economies. Key points: China’s trade surplus with the US jumps 17pc to a record $29b in JuneTensions rise with new tariff measures as China ratchets up the rhetoricHigher-than-expected exports drove the surplus while imports, especially of iron ore, were softer China reported a surplus with the US of $US29 billion in June, a 17 per cent increase…
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