China trade surplus tops $1T amid tariffs
China’s customs agency said Monday, Dec. 8, 2025, that its annual trade surplus has surpassed $1 trillion for the first time, as November exports rose 5.9% year over year even while shipments to the United States plunged nearly 29% under U.S. tariffs. The report notes U.S. import taxes on Chinese goods peaked at 145% this spring and have been reduced to 47.5%, and that China has redirected exports to Europe, Africa, Latin America and the rest of Asia.
📌 Key Facts
- China’s 2025 trade surplus exceeded $1 trillion, a record high.
- November exports rose 5.9% YoY; exports to the U.S. fell nearly 29%.
- U.S. tariffs on Chinese goods peaked at 145% in spring 2025 and now stand at 47.5%.