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WASHINGTON, United States (AFP) – The Trump administration’s top trade advisor said Monday US trade deficits are a threat to national security that could cause the loss of American freedom and prosperity. Outlining an unapologetically aggressive trade policy, Peter Navarro, director of the White House National Trade Council, accused economists and the media of ignoring the risk posed by trade deficits and embracing an “antiquated view of the world.” Navarro singled out China and Germany […]
TOKYO, Japan (AFP) — Japan swung back to a trade deficit in January as exports to China plunged, official data showed Thursday, underscoring the impact of a slowdown in one of Tokyo’s biggest trade partners. The disappointing figures come after Japan’s economy shrank 0.4 percent in the October-December quarter — or an annualised 1.4 percent drop — owing to weak demand for big-ticket items like cars and home appliances. That was Japan’s second quarterly contraction […]
