China's August Trade Surplus With US Hits Record $31 Billion
China's trade surplus with the United States reached a record $31 billion in August, despite hefty tariffs recently imposed on Chinese goods. The news of the surplus came just hours after U.S. President Donald Trump threatened to impose another $267 billion worth of tariffs on Chinese imports, which would cover virtually all the goods China imports to the United States. The potential tariffs would come on top of punitive levies on $50 billion in Chinese goods already in place as well as another $200 billion that Trump says “could take place very soon.” He told reporters traveling with him to Fargo, North Dakota "behind that, there's another $267 billion ready to go on short notice if I want." “That changes the equation,” he added. Such a move would subject virtually all U.S. imports from China to new duties. The president's comments Friday came one day after a public comment period...
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