China vice minister says U.S. overestimates trade deficit

Chinese Vice Commerce Minister Wang Shouwen said on Sunday the United States overestimates the trade deficit between the two countries and China should not be blamed for job losses in the U.S. manufacturing sector. Wang told a news conference the U.S. goods and services deficit with China is actually closer to $150 billion and not the $410 billion quoted by U.S. officials. China's processing trade with the United States should not be included in trade deficit calculations, he added.

from Yahoo News - Latest News & Headlines https://yhoo.it/2Z4J8ef
via Latest News