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Beijing challenged President Donald Trump's basis for the ongoing trade war between China and the U.S., saying that America's trade deficit is actually 37 percent of the figure claimed by Washington. U.S. government figures indicate that the trade deficit was nearly $419 billion in 2018. Trade war is 'negative, negative, negative' for business, investors and consumers, ITC says. The U.S. trade spat with China and others is negative for business, investors and consumers, International Trade Center Executive Director Arancha Gonzalez said.
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