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US, German Finance Chiefs at Odds Over Berlin's Trade Surplus

The U.S. and German finance chiefs are at odds over where Berlin ought to focus its powerhouse economy, Europe's largest.U.S. Treasury Secretary Jacob Lew visited Berlin Wednesday and told his counterpart, German Finance Minister Wolfgang Schaeuble, that Germany needs to do more to promote domestic consumption and imports while trimming its trade surplus. Hours before they met, Germany said its trade gap -- the value of exports over imports -- widened to a near record $24 billion in...

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