China's trade surplus hit record $1.2 trillion
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The 2025 record showed that the world’s second-largest economy remained resilient despite facing steep Trump administration tariffs that slashed its exports to the U.S.
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Trump's pick as Vietnam envoy sets sights on trade gap as Hanoi's surplus with US tops China's
The Trump administration plans to replace the U.S. ambassador to Vietnam with a nominee set on addressing "imbalanced" trade relations, as Hanoi's goods trade surplus with Washington surpassed China's in recent quarters while it was locked in unresolved tariff negotiations with Washington.