💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

China's November trade surplus with U.S. widens to $35.55 billion

Published 12/07/2018, 10:49 PM
Updated 12/07/2018, 10:50 PM
© Reuters. Containers and trucks are seen at a terminal of the Qingdao port in Shandong

BEIJING (Reuters) - China's trade surplus with the United States widened to $35.55 billion in November, compared with $31.78 billion in October, Chinese customs data showed on Saturday.

For January-November, China's trade surplus with the United States was $293.52 billion, compared with about $251.26 billion in the same period last year.

China's large trade surplus with the United States has long been a sore point with Washington, and is at the center of a bitter dispute between the world's two biggest economies.

The two countries have hit each other with tit-for-tariffs on goods worth hundreds of billions of dollars.

© Reuters. Containers and trucks are seen at a terminal of the Qingdao port in Shandong

In Argentina last weekend, Presidents Donald Trump and Xi Jinping agreed to a 90-day truce that delayed the planned Jan. 1 U.S. hike of tariffs to 25 percent from 10 percent on $200 billion of Chinese goods while they negotiate a trade deal.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.