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Sino-Russian Trade Hits Yearly High Amid U.S. Tariff Threats
Sino-Russian Trade Hits Yearly High Amid U.S. Tariff Threats
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BTCCSquare news:
Sino-Russian trade surged to $19.14 billion in June, marking an 8.7% monthly increase despite a sluggish start to the year. Chinese customs data reveals a resilient economic partnership as both nations defy U.S. pressure to curb energy imports from Russia.
Year-to-date figures tell a different story. Bilateral trade fell 8.1% through July to $125.8 billion, with Chinese exports to Russia dropping 8.5% while imports declined 7.7%. Russia maintains a $13.34 billion trade surplus, mirroring 2023 levels.
The trade dynamics emerge as Washington signals potential new tariffs. President TRUMP recently imposed 25% duties on Indian Russian oil purchases, raising speculation about similar measures against Beijing.
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