Official figures show China’s monthly trade surplus with the US hit a record high of over $34.13 billion in September, adding fuel to the fire of a worsening trade war.
Figures released by the Chinese administration Friday showed the dollar-denominated exports to the US rose 14.5% from a year earlier, the fastest pace since February.
The robust growth was well above August’s 9.8% when the deficit stood at a record of $31.05 billion.
The new figures came as US President Donald Trump vowed on Thursday to inflict economic pain on China amid strained relations between the world’s two largest economies.
Experts said September’s export growth indicated that US tariffs and other measures by Trump were not effective. They also said the new China record trade surplus figure could prompt fresh reaction from the US president.
Trump accused China of thinking Americans are “stupid” and boasted that his tariffs had already “had a big…