Have US tariffs failed to bite? China’s trade surplus hits a record US$1.2 trillion
- Written by Jiao Wang, Assistant Professor of Economics, University of Sussex Business School, University of Sussex
Patrick Foto/ShutterstockThe numbers are in, and they paint a picture that defies the conventional wisdom of Washington’s trade hawks. In 2025, China’s trade surplus surged to a record high of US$1.2 trillion (£900 billion). In December alone, the surplus reached US$114 billion, driven by a higher-than-expected 6.6% growth in...
