Tag: Surplus
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China’s Trade Surplus Exceeds $1 Trillion as US Exports Plummet 29%; Trump Considers USMCA Exit
China’s trade surplus in goods exceeded $1 trillion for the first time this year, indicating that it exported significantly more goods to other countries than it imported. Its US shipments, however, dropped 29% amid the trade war between the US and China. In November, China’s overall exports were 5.9% higher than in the same month…