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China claims U.S. is inflating its trade deficit to stoke trade frictions

June 07, 2019 at 9:00 AM
China’s Ministry of Commerce says the U.S. is inflating the size of its trade deficit with China to “provoke economic and trade frictions,” arguing in a new report that the true gap is about one-third of what the U.S. claims. By China’s calculations, the U.S. trade deficit with China is just $153 billion – as opposed to the nearly $420 billion deficit reported by the Commerce Department. According to Census data, the U.S. had a $420 billion goods deficit with...

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