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Trump admin pressing China to cut trade surplus by $100 bn: White House

China reported its 2017 US trade surplus as $276 billion, also about two thirds of its reported global surplus of $422.5 billion

Reuters  |  Washington 

The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, a White House spokeswoman said on Wednesday, clarifying a tweet last week from President Donald Trump. Last Wednesday, Trump tweeted that China had been asked to develop a plan to reduce its trade imbalance with the United States by $1 billion, but the spokeswoman said Trump had meant to say $100 billion. The United States had a record $375 billion trade deficit with China in 2017, which made up two thirds of a global $566 billion US trade gap last year, according to US ...

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First Published: Thu, March 15 2018. 20:28 IST
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