At the centre of the ongoing trade dispute between the United States and China is US President Donald Trump's claim that it loses US$500 billion to China every year. He has promised to cut the trade imbalance to bring factory jobs back to the country, boosting its economy.
The US trade deficit with China is not the only one that President Trump has taken issue with. In his visit to Japan last month, he rapped his host for its"substantial edge" over his country in trade.Enjoy unlimited access to ST's best work Subscribe Now
Source: Financial Digest (financialdigest.net)
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