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InvestmentsChina's Oct trade surplus with the United States at $40.75 billion By...

China’s Oct trade surplus with the United States at $40.75 billion By Reuters

© Reuters. FILE PHOTO: The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S., November 1, 2021. REUTERS/Brian Snyder

BEIJING (Reuters) – China’s trade surplus with the United States was $40.75 billion in October, Reuters calculations primarily based on customs knowledge confirmed on Sunday, down from $42 billion in September.

For the first ten months of the 12 months, the surplus was $320.67 billion.

Earlier in October, U.S. Trade Representative Katherine Tai pledged to exclude some Chinese imports from tariffs whereas urgent Beijing over its failure to maintain some guarantees made in a “Phase 1” trade deal made beneath the Trump administration.

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