December 8, 2018 / 4:56 AM / 9 days ago

China's November trade surplus with U.S. widens to $35.55 billion

FILE PHOTO: A container area is seen at the Yangshan Deep Water Port, part of the newly announced Shanghai Free Trade Zone, south of Shanghai September 26, 2013. REUTERS/Carlos Barria/File Photo

BEIJING (Reuters) - China’s trade surplus with the United States widened to $35.55 billion in November, compared with $31.78 billion in October, Chinese customs data showed on Saturday.

For January-November, China’s trade surplus with the United States was $293.52 billion (230.6 billion pounds), compared with about $251.26 billion in the same period last year.

China’s large trade surplus with the United States has long been a sore point with Washington, and is at the centre of a bitter dispute between the world’s two biggest economies.

The two countries have hit each other with tit-for-tariffs on goods worth hundreds of billions of dollars.

In Argentina last weekend, Presidents Donald Trump and Xi Jinping agreed to a 90-day truce that delayed the planned Jan. 1 U.S. hike of tariffs to 25 percent from 10 percent on $200 billion of Chinese goods while they negotiate a trade deal.

Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk

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