China's trade surplus with the us hit a record high in 2017

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China's trade surplus with the us hit a record high in 2017"


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President Donald Trump and China's President Xi Jinping Thomas Peter | Reuters China's 2017 trade surplus with the U.S. was $275.81 billion, the country's customs data showed


Friday, according to Reuters. By that data, last year's surplus is a record high, the wire service reported. For comparison, the previous record was a surplus of $260.8 billion in 2015.


The world's second-largest economy had a surplus of $25.55 billion in December, data showed, compared to $27.87 billion in November. Trade with China is politically sensitive as the


world's second-largest economy runs surpluses against many of its trading partners. President Donald Trump has repeatedly signaled tougher action on what he calls unfair practices that


have lead to a massive trade deficit with China. Overall, China's trade balance for 2017 was a surplus of $422.5 billion _—CNBC's Huileng Tan and Reuters contributed to this


report._


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