April 13, 2018 / 2:53 AM / 4 months ago

China's first quarter trade surplus with U.S. rises 19.4 percent year on year

BEIJING (Reuters) - China’s trade surplus with the United States rose 19.4 percent in the first quarter to $58.25 billion from the same period a year earlier, customs said on Friday.

Containers are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China March 14, 2018. REUTERS/Aly Song

China’s March trade surplus with the U.S. fell to $15.32 billion, according to Reuters calculations based on official data, compared with $20.96 billion for February.

The data follows weeks of tit-for-tat tariff threats by Washington and Beijing, sparked by U.S. frustration with China’s massive bilateral trade surplus and intellectual property policies, which have fueled fears of a global trade war.

China’s exports to the U.S. increased 14.8 percent from a year earlier in January-March period, spokesman Huang Songping told a briefing in Beijing, while imports from the U.S. also rose 8.9 percent.

Customs has not yet released the data for March.

Reporting by Elias Glenn and Beijing Monitoring Desk; Editing by Kim Coghill

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