Chinese exports accelerate even as Trump escalates trade war


  • World
  • Wednesday, 08 Aug 2018

BEIJING (Reuters) - China's exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world's two major economic powers ramp up a bitter dispute that some fear could derail global growth.

In the latest move by President Donald Trump to put pressure on Beijing to negotiate trade concessions, Washington is set to begin collecting 25 percent tariffs on another $16 billion (£12.4 billion) in Chinese goods on Aug. 23.

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