A post by @KobeissiLetter on X.

China’s trade surplus rose by $84 billion year-over-year, or 8.8%, to a record $1.04 trillion in the first 10 months of 2026, according to data cited by The Kobeissi Letter. This marks the third consecutive year-over-year increase for the January-October period, with cumulative gains across those three years totaling $348 billion. The 2026 surplus has already exceeded every full-year surplus on record. The milestone matters because it underscores the persistence of China’s export strength despite trade tensions and tariff pressure from major partners. Watch next for whether the pace holds through the final two months of the year and how the figure shapes trade policy responses in the U.S. and EU.