June 13, 2018 / 12:13 PM / 12 days ago

In trade dispute, Germany says trade balance only part of current account surplus

BERLIN (Reuters) - The trade balance is only part of the current account surplus, a spokesman for the German government said on Wednesday, amid repeated complaints from U.S. President Donald Trump that the United States has large trade deficits with many countries.

FILE PHOTO: Germany's Chancellor Angela Merkel talks with U.S. President Donald Trump during a family photo at the G7 Summit in Charlevoix, Quebec, Canada, June 8, 2018. REUTERS/Leah Millis/File Photo

Chancellor Angela Merkel said on Tuesday that the United States runs a large account surplus with Europe if services are included in the total.

Reporting by Michelle Martin, editing by Thomas Escritt

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below