Last updated: 2025-12-09 18:36:20 ET
China's premier says higher tariffs have dealt a “severe blow” to the world economy, even as China's own trade surplus has surged past $1 trillion
U.S. pressure has only cemented its rival’s status as the world’s indispensable factory floor, sending its trade surplus above $1 trillion.
So far this year through November, overall Chinese exports rose 5.4% compared to the same period in 2024. Imports, meanwhile, fell 0.6%.
'Shipments to U.S. drop 29%'
China's exports to the U.S. have dropped sharply this year, in the face of President Trump's tariffs — but the country is still finding plenty of customers elsewhere around the world.
Chinese exports to the United States continued to crater last month, but the drop was made up by booming sales in Southeast Asia and Europe.
President Trump’s tariffs weren’t enough to hold back the global export flood by China, which pushed past last year’s record in just 11 months.
