U.S.-China Business Council report: Trade deficit with China 'frequently overstated'

The size and importance of the U.S. trade deficit with China is “frequently overstated,” according to a new report commissioned by the U.S.-China Business Council in part to drive future policy discussions as the Trump administration prepares to take over. The group, representing U.S. companies that do business in China, tapped Oxford Economics for the report on the U.S.-China trading relationship “precisely because of the negative noise about trade and trade with China during the campaign,” council president John Frisbie...