BEIJING – China is bleeding America with over $300 billion annual tradesurplus.
China’s trade surplus with the United States widened to a record $31.05billion in August, compared with $28.09 billion in July, customs datashowed on Saturday.
The amount surpassed the previous record of $28.93 billion set in June.
The August surplus with the U.S. was larger than China’s overall surplus of$27.91 billion for the month.
For January-August, China’s trade surplus with the United States was$192.64 billion, compared with about $167.94 billion in the same periodlast year.
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China’s large trade surplus with the United States has long been a sorepoint in relations and is at the centre of an increasing bitter disputebetween the world’s two biggest economies.
Beijing and Washington have slapped each other with tit-for-tat tariffs inrecent months and threatened more duties on each other’s goods. Talks aimedat easing tensions have yielded no major breakthroughs and both sides lookto be digging in for a long fight that could weigh on global growth.
