"Things Are About To Snap": China's Trade Surplus Tops $1 Trillion For The First Time, Sparking Global Howls Of Outrage [zero hedge]
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Source: zero hedge
"Things Are About To Snap": China's Trade Surplus Tops $1 Trillion For The First Time, Sparking Global Howls Of Outrage With Europe finally realizing - very belatedly, as usual - that Trump was right all along in his crusade to hammer Beijing's relentless dumping of exports to flood foreign markets with its below-cost wares as China no longer has nearly the required demand for goods and services and so has to crush and dominate foreign markets by selling at far below market prices, overnight we learned that China’s trade surplus in goods surpassed $1 trillion for the first time, highlighting the ongoing boom in the country’s exports despite US President Donald Trump’s tariff war. Exports rose 5.9% in November on a year earlier, reversing October's rare decline, while imports rose by 1.9% according to data released by China’s customs administration, which covers goods but not services. The November surplus came in at $112 billion, the third-largest ever accumulated by China in a single
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