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China, Korea and Taiwan's combined September trade surplus put at $200 billion
Brad Setser says East Asia's three-month customs surplus topped $2 trillion annualized, even with relatively high oil prices.
TLDR
Brad Setser put China, Korea and Taiwan's combined trade surplus in September at $200 billion. In a follow-up, he said East Asia's customs surplus over the past three months topped $2 trillion annualized, twice its level during the pandemic, even with relatively high oil prices.
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