China's Trade Surplus Hits Record $1T, Despite US Tariffs
Update: 2025-12-08
Description
Chinas trade surplus hits record high of $1 trillion, despite US tariffs, driven by strong exports and low imports. Despite temporary export controls postponement, US senators aim to block AI chip access to China. Chinas domestic chip sector thrives, with startups like Moore Threads Technology raising billions and aiming for half of AI chips in Chinese data centers to be domestically produced by 2027. Chinese exports to the US drop by nearly 19%, but growth in other regions suggests rerouting to avoid tariffs.
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