China’s trade surplus with the United States has hit a record in August despite a decline in the country’s export growth amid a trade war between the world’s two largest economies.
According to new figures released on Saturday, China’s surplus reached $31.05 billion, surpassing its $28.09 billion record in July.
The new figures are expected to enrage the President of the United States, Donald Trump, who only hours earlier threatened to slap more import tariffs on Chinese goods, worth half a trillion dollars.
Even with the tariffs targeting $50 billion of Chinese exports only in August, China’s exports to the United States still accelerated, growing more than 13 percent from a year earlier from 11.2 percent in July.
Washington has long criticized China’s huge trade surplus with the United States and has demanded Beijing reduce it.
Earlier this year, Trump asked Beijing to cut its massive surplus with the US by $200 billion a year and…