Chinese trade surplus soars to $1tn ahead of Trump return

Quick Summary:

China’s trade surplus soared to a record last year, driven by strong exports that boosted the economy but may soon be threatened by the incoming Trump administration.

Exports to the US rose to the highest in more than two years in December, hitting almost $49 billion and taking the total for the year to $525 billion.

In 2024 the European Union imposed tariffs up to 45% on Chinese exports of electric vehicles, and some other nations also introduced tariffs to slow imports of steel.

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Article Details

Category: EconomyBusiness

Markets: ThailandCanadaChinaJapanMexicoVietnam

Topics: Goods Tariffs Record Year Trade Billion Chinese Exports Last China Shipments

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-13 @ 19:12:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 799 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 25105770

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Official Website: bangkokpost.com

Update Frequency: 20 posts per day

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News Last Updated: 8 hours ago

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