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China June trade surplus with U.S. rises to $29.92 billion

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China June trade surplus with U.S. rises to $29.92 billion
FILE PHOTO: Flags of U.S. and China are displayed at American International Chamber of Commerce (AICC)'s booth during China International Fair for Trade in Services in Beijing, China, May 28, 2019. REUTERS/Jason Lee   -   Copyright  JASON LEE(Reuters)
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BEIJING (Reuters) – China’s trade surplus with the United States, a major source of friction with its biggest trading partner, rose to $29.92 billion (£23.86 billion) in June from $26.9 billion in May, customs data showed on Friday.

For the first half of 2019, China’s trade surplus with the U.S. was $140.48 billion, compared with $133.76 billion in the same period in 2018.

The persistently strong surplus is one of the main issues in the year-long trade war between the two economic giants, which is increasingly weighing on businesses on both sides of the Pacific and dragging on the global economy.

(Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam)

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