The US Treasury Secretary has been closely monitoring China's economic landscape amidst escalating trade tensions. The US faces a significant global trade deficit, reaching $1.4 trillion annually as of Q1 2025.
Conversely, China holds a substantial global trade surplus, which has climbed to $1.1 trillion in the same period. China's trade surplus surged to USD 96.18 billion in April 2025.
These imbalances are occurring even with increased tariffs and ongoing negotiations, highlighting the complexities of the economic relationship between the two nations.