China’s global trade surplus surpassed $1 trillion in November for the first time ever — despite President Trump’s attempts to crack down on US imports from the nation.

So far this year through November, overall Chinese worldwide exports rose 5.4% compared to the same period in 2024. Imports, meanwhile, fell 0.6%.

That hiked China’s 2025 global trade surplus through November to $1.076 trillion – more than the $990 billion surplus it recorded for the entirety of 2024.

In October, the US and China reached a trade deal to lower tariff rates on one another, leaving Beijing facing average US tariffs of 47.5%.

China also pledged to buy more American soybeans, delay export controls on rare earth minerals and clamp down on the illicit fentanyl trade.

Chinese exports to the US plunged 28.6%

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