Trade Truce Extended as China Surges, US Still Imports
Home Transaction Banking Tariffs Backfire? Trade Truce Extended As China Surges, US Still Imports Fears about US tariffs hurting China’s economy were overblown. New customs data show that China posted a record $683.5 billion trade surplus on a year-to-date basis, with July exports up 7.2%, ahead of economists’ expectations. Far from eroding Beijing’s global influence,…
