China’s Trade Surplus Hits $1 Trillion Amid US Trade Tensions

China's trade surplus surpassed $1 trillion for the first time in 2025, fueled by a 5.9% rise in November exports to $330.3 billion. The milestone comes despite escalating trade tensions with the US, where shipments to China plummeted 29% year-over-year—marking eight consecutive months of double-digit declines.

The US Supreme Court is poised to rule on the legality of President Trump's tariff policies, which Leveraged the International Emergency Economic Powers Act. The decision could redefine executive authority over trade, as Congress traditionally holds taxation oversight under the Constitution. Trump remains defiant, arguing foreign inventory stockpiling will soon necessitate renewed purchases.

Trade uncertainty intensifies as Trump considers withdrawing from the USMCA, while major corporations like Costco pursue lawsuits for potential tariff refunds. The outcome may Ripple through global markets, though cryptocurrencies remain peripheral to this macroeconomic clash.