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China hit a record $3.9tn in exports in 2025 and a $1.2tn surplus despite punishing US tariffs.

China hit a record $3.9tn in exports in 2025 and a $1.2tn surplus despite punishing US tariffs.

Here’s what really drove the “hard won” win, how DDP kept some trade moving, and the compliance risks and 2026 strategy buyers need to watch.

Jan 15, 2026

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