China’s trade surplus with US grows


(Worthy News) – China’s surplus with the United States widened in April, underlining an imbalance between the economic titans as they struggle to reach an agreement on averting a potentially damaging trade war.

The figures Tuesday (May 8) will likely reinforce Washington’s determination after high-level talks in Beijing last week ended with both sides admitting there were big differences to overcome, with threats of tariffs on billions of dollars of goods casting a shadow.

Customs data showed the surplus grew 4.2 per cent on-year to US$22.2 billion last month, with exports rising by a tenth and imports up more than 20 per cent. [ Source: Channel News Asia (Read More…) ]

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