China Does Know How to Reduce Its Trade Deficit

An NYT article on Robert Lighthizer, Donald Trump's pick to be trade representative, left out some important background information. It notes that Lighthizer wants to reduce the size of the U.S. trade deficit with China. It then told readers that this could lead to major conflicts with China:

"Exports are important for China. It consistently sells $4 worth of goods to the United States for each $1 of imports. That mismatch has produced a bilateral trade surplus for China equal to about 3 per...