Joe Raedle / Getty Images The top target of Donald Trump’s tariff war has delivered a blow to his claims that it will remake their economy by declaring a record trade surplus. China said that its trade surplus surged to $1.19 trillion last year, a 20 percent jump from 2024. The total had already passed $1 trillion by November, highlighting how little impact Trump’s tariff war had on China’s export machine. Read more at The Daily Beast.