Trade war: China’s surplus with US grows 10 per cent to US$31 billion as Donald Trump ups ante

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China’s trade surplus with the United States widened by 10 per cent in August to US$31 billion, data showed on Saturday as the trade war between the two nations escalated with Donald Trump threatening duties on more Chinese imports.

Data from China’s General Administration of Customs showed that exports to the US in August jumped by 6.9 per cent from July to US$44.38 billion, but imports dropped by 0.9 per cent to US$13.3 billion.

China’s trade surplus therefore grew by more than 10 per cent to US$31.08 billion. The figure surpassed June’s surplus of US$28.97 billion and July’s US$28.08 billion…

Read more : SCMP, 08.09.2018