Trump Tweet on China Trade Understates U.S. Demand — by $99 Billion

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BEIJING—The Trump administration is asking Beijing for a plan to cut the U.S. trade deficit with China by $100 billion, according to people familiar with the matter.

President Donald Trump tweeted Wednesday that Washington had asked Beijing for a $1 billion reduction—less than 0.3% of the countries’ annual trade gap or around one day’s worth of the trade imbalance. His tweet was off by $99 billion.

According…

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