Customs data released on Wednesday showed that Chinese exports rose by 5.5 percent last year to total $3.77 trillion. The data shows that increased trade with other countries across the globe made up for reduced trade with the US. list of 4 itemsend of list Imports remained steady at $2.58 trillion, creating a trade surplus of $1.19 trillion. The gap stood at $992bn in 2024, before President Donald Trump launched his erratic trade policy actions.
I recently spoke with Stephan Tanda, CEO of AptarGroup, a $3.7 billion-a-year manufacturer of specialized packaging and delivery systems for pharma, beauty, and consumer companies, based in Crystal Lake, Illinois. He points out that China remains a key manufacturing hub with longstanding infrastructure and relationships that are central to the company's regional supply chain. What's more, he says the speed to market is an advantage that's hard to replicate in their other innovation centers around the world.
The advertisement initially drew Trump's ire on Thursday night, and he posted to Truth Social to say that he was terminating all trade negotiations with Canada. Ontario subsequently announced on Friday that the ad would be pulled by Monday, but only after it had been aired during Friday and Saturday's World Series games. Trump said on Truth Social on Saturday that he was adding an additional 10% tariff on Canadian goods.