Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

China's May trade surplus with U.S. widens to $24.58 billion

Published 06/07/2018, 11:39 PM
Updated 06/07/2018, 11:40 PM
© Reuters. FILE PHOTO: Shipping containers are stacked at the Paul W. Conley Container Terminal in Boston

BEIJING (Reuters) - China's trade surplus with the United States widened to $24.58 billion in May, from $22.15 billion in April, customs data showed on Friday, as the world's largest economies are locked in tense trade negotiations.

For January-May, China's trade surplus with the United States was $104.85 billion.

The U.S. and China have threatened tit-for-tat tariffs on goods worth up to $150 billion each, as President Donald Trump has pushed Beijing to open its economy further and address the United States' large trade deficit with China.

© Reuters. FILE PHOTO: Shipping containers are stacked at the Paul W. Conley Container Terminal in Boston

Just when it appeared a trade truce between the world's two largest economies was on the cards, the White House late in May warned it would pursue tariffs on $50 billion worth of Chinese imports, as well as impose restrictions on Chinese investments in the United States and tighten export controls.

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.