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China blames US for trade imbalances as surplus hits record $1.2tn - FT

China blamed the US for growing global trade imbalances as the world’s second-biggest economy reported a record full-year trade surplus of $1.2tn for 2025 despite President Donald Trump’s trade war. 

The huge surplus will inflame global trading tensions, particularly with the EU and large developing countries that are already anxious their industries could be overwhelmed by Chinese imports.

 

 China blames US for trade imbalances as surplus hits record $1.2tn

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