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TRADE WARS
Trump tells Xi US trade deficit with China 'not sustainable': W.House
by Staff Writers
Washington (AFP) Jan 16, 2018


US President Donald Trump told Chinese leader Xi Jinping he was disappointed about Washington's deepening trade deficit with Beijing, calling the situation "not sustainable," the White House said Tuesday.

In telephone talks, Trump "expressed disappointment that the United States' trade deficit with China has continued to grow," the White House said in a statement.

"President Trump made clear that the situation is not sustainable."

According to figures published Friday by China, the US trade deficit with Beijing grew 10 percent in 2017 to $275.8 billion.

During his presidential campaign and since his arrival at the White House, Trump has repeatedly blamed alleged unfair Chinese trading practices for US job losses and accused Beijing of protectionism.

His administration added new import tariffs to a number of Chinese goods last year.

In late December, Trump called economic competitiveness a matter of national security, insisting he would fight for more equitable trade with China.

Washington has opened trade probes into China's alleged dumping of aluminum, and has also lashed out at Beijing over intellectual property issues.

TRADE WARS
China's US surplus jumps as trade with world picks up
Beijing (AFP) Jan 12, 2018
China's trade surplus with the United States expanded last year, raising the possibility of fresh blowback from President Donald Trump who has often bashed Beijing over the issue and fanned fears of a trade war. The increase came despite a tumble in China's global surplus as domestic demand spurred a rally in imports. The figures on Friday showed the difference between exports and import ... read more

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