June 13, 2018 / 12:14 PM / a year ago

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

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

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.

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

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