mo4ch:>Trump tariff fail? China’s trade surplus with US hits highest level in more than decade | Mo4ch News

Despite efforts by the Trump administration to pressure Beijing into reducing the US-China trade deficit, the trade surplus with the US still reached $323.32 billion last year – the highest level since 2006.The trade surplus grew 17 percent from around $275 billion a year ago, China’s General Administration of Customs announced on Monday. The figure is the highest on record since 2006, according to government-affiliated Global Times newspaper.Exports to the US surged 11.3 percent year-on-year in 2018 to $478.4 billion, while imports from the US to China rose a scanty 0.7 percent over the same period.Also on rt.comChinese investment in US plunges 83% amid simmering trade warThe data raises questions about the success of the trade war and increased tariffs imposed by US President Donald Trump against China in an attempt to reduce the US trade deficit. The levies targeted hundreds of billions of dollars worth of Chinese goods last year and forced Beijing to retaliate.Washington was threa…