NEW YORK — A week after US voters rebuked Donald Trump’s Republican Party, China delivered a stinging reminder that his presidency is going awry from all directions.
China’s trade surplus swelled to just over US$1 trillion for the year despite Trump World’s best efforts to hobble President Xi Jinping’s economy. This was even as imports jumped to their largest level since 2021.
Imports rose roughly 42% year on year in October. Exports jumped 35% from a year ago, as Beijing continues to navigate around Trump’s tariffs on Asia’s biggest economy.
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