China trade deficit surges to record $1.2T, defying Trump tariffs
China posted a record $1.2 trillion trade surplus in 2025, despite steep tariffs imposed by President Trump on the country’s goods, new customs data released on Wednesday showed. This year’s trade surplus is a 20 percent jump from last year’s figure of over $992 billion. China recorded $3.8 trillion in global exports and $2.58 trillion…