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Yellen: Fed more to blame for wider trade deficit

BEIJING: Federal Reserve interest-rate hikes in response to fiscal stimulus are causing the US trade deficit to widen, not unfair Chinese trade practices, former Fed chair Janet Yellen said.

Widening deficit: Shipping containers stand attached to trucks at the Port of Los Angeles in San Pedro, California. The US trade deficit with China widened to a record US33.6bil on average in the 12 months through September. — AFP

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