Chinese Commerce Minister Chen Deming said the U.S. trade deficit with China isn’t a result of the value of the Chinese currency.
The U.S. trade deficit widened more than forecast in November as American exports declined and companies stepped up imports of crude oil and automobiles.
Federal Reserve Chair Janet Yellen testifies this week to the Joint Economic Committee of Congress on monetary policy and the U.S. economic outlook.
U.S. stocks fell for the third time in four days as American International Group Inc.’s profit disappointed investors and Twitter Inc. slumped. The euro and Spanish bonds gained on signs economies are strengthening.
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Harris Says U.S. Trade Deficit Is 'Transitory'