China announces record 1tn trade surplus despite Trump tariffs

China announced record export numbers for 2025, a year when US President Donald Trump's tariffs and trade policy caused turmoil in the global economy. Beijing on Wednesday reported the world's largest-ever trade surplus - the value of goods and services sold overseas compared to its imports - at $1.19tn (£890bn). It's the first time China's full-year trade surplus has passed $1tn, beating 2024's record figure of $993bn. China's monthly export surpluses passed $100bn seven times last year - a sign that Trump's tariff campaign have barely affected its overall trade with the rest of the world. Trade with the US did weaken, but this was made up for by a rise in Chinese exports elsewhere, especially to South East Asia, Africa and Latin America.