China posted a record $1.2 trillion trade surplus in 2025, despite steep tariffs imposed by President Trump on the country’s goods, new customs data released Wednesday showed. 2025’s trade surplus is a 20 percent jump from the previous year’s figure of more than $992 billion.

China on Wednesday reported a record trade surplus of nearly $1.2 trillion in 2025, led by booming exports to non-U.S. markets as producers looked to build global scale to fend off sustained pressure ...