 "trump")
The US has a surplus of $20 billion with China and $1.4 trillion with the rest of the world.
That’s not a normal trade balance, of course, where the U.S. registered an annual deficit of more than $330 billion with China and about $550 billion with the world last year, but an "aggregate sales surplus" which measures both direct trade and the sales of multinational companies, according to research by Deutsche Bank AG.
Just looking at the goods and services trade deficit is misleading and doesn’t capture the true size of US business interests, according to Deutsche Bank economists. While trade
