US President Donald Trump’s all-out assault on China seems to have backfired. The US China balance of trade figures — the much-touted China trade deficit — is actually larger now than it was when Trump was elected. The trade surplus with the US hit US$34.2 billion ($46.7 billion), the largest on record. The 9.5% y-o-y increase in China’s exports during August have also highlighted the rebound in the world’s second largest economy as the US continues to struggle with its own Covid-induced crisis.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe