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

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

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

Earlier in October, U.S. Trade Representative Katherine Tai pledged to exclude some Chinese imports from tariffs while pressing Beijing over its failure to keep some promises made in a “Phase 1” trade deal made under the Trump administration.

(Reporting by Muyu Xu, Stella Qiu and Beijing Newsroom; Editing by Christian Schmollinger)


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