The U.S. believes that the huge trade deficit makes America "lose out," and the Ministry of Commerce responds
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The U.S. believes that the huge trade deficit makes America "lose out," while the Ministry of Commerce responded that the trade imbalance between China and the U.S. is a result of structural issues in the U.S. economy, not something China deliberately pursues. China's current account surplus as a percentage of GDP has decreased from 9.9% in 2007 to 2.2% in 2024. Sino-U.S. trade needs to be considered comprehensively, including service trade and the sales of domestic companies in each other's countries. Overall, the economic and trade exchanges between the two sides are roughly balanced in terms of benefits
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