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Macron threatens China with tariffs over trade surplus: Report

China's trade surplus tops $1 trillion despite plunge in US-bound exports

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French President Emmanuel Macron stated he threatened China with tariffs if Beijing does not reduce its trade surplus with the European Union, which exceeded 300 billion euros in 2024, while China's annual trade surplus surpassed $1 trillion for the first time.

French President Emmanuel Macron stated he threatened China with tariffs if Beijing does not reduce its trade surplus with the European Union, which exceeded 300 billion euros in 2024, while China's annual trade surplus surpassed $1 trillion for the first time.

In November, China's exports grew 5.9% year on year, reversing a 1.1% contraction in October, while exports to the United States dropped 28.6% year on year, marking the eighth consecutive month of double digit declines, according to customs data released on Monday.

In November, China's exports grew 5.9% year on year, reversing a 1.1% contraction in October, while exports to the United States dropped 28.6% year on year, marking the eighth consecutive month of double digit declines, according to customs data released on Monday.

China's trade surplus for the first 11 months of the year reached $1.08 trillion, exceeding the previous full year record of $992.2 billion in 2024, as shipments surged to Southeast Asia, Africa, Latin America and the European Union despite declining US exports.

China's trade surplus for the first 11 months of the year reached $1.08 trillion, exceeding the previous full year record of $992.2 billion in 2024, as shipments surged to Southeast Asia, Africa, Latin America and the European Union despite declining US exports.

Macron acknowledged that achieving consensus on China tariffs across the EU is challenging, noting Germany is not yet entirely aligned with France's position, while the 27 EU members cannot set trade policy individually and are represented by the EU Commission.

Macron acknowledged that achieving consensus on China tariffs across the EU is challenging, noting Germany is not yet entirely aligned with France's position, while the 27 EU members cannot set trade policy individually and are represented by the EU Commission.

A year long trade truce between China and the US was reached at a meeting between President Donald Trump and Chinese leader Xi Jinping in late October in South Korea, with the US lowering tariffs on China and China promising to halt export controls related to rare earths.

A year long trade truce between China and the US was reached at a meeting between President Donald Trump and Chinese leader Xi Jinping in late October in South Korea, with the US lowering tariffs on China and China promising to halt export controls related to rare earths.

Macron said during his China visit that the EU needed to accept more Chinese direct investment to reduce the trade deficit, stating Chinese companies must come to Europe but cannot be allowed to act like predators with hegemonic objectives.

Macron said during his China visit that the EU needed to accept more Chinese direct investment to reduce the trade deficit, stating Chinese companies must come to Europe but cannot be allowed to act like predators with hegemonic objectives.

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The US-China Conflict

China’s trade surplus tops $1 trillion despite plunge in US-bound exports

China’s trade surplus tops $1 trillion despite plunge in US-bound exports

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