China's trade surplus with US rose to new record high in August

Omkar Godbole FXStreet Contributor

China's trade surplus with the US as represented by the gap between the exports and imports rose to new record highs in August, the official data released over the weekend showed.

The trade surplus with the US widened to $31.05 billion last month following a $28.09 billion surplus in July and could add fuel to the ongoing trade war between the two of the world's largest economies of the world.

The Trump administration is already considering whether to impose a levy on $200 billion worth of Chinese imports, having imposed 25 percent tariffs on $50 billion Chinese imports in July.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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