This whole discussion about trade deficits misses one important point. Trade deficits are measured differences in values of exported and imported goods. They do not include services
Many countries with a negatives trade balance with the US based on goods, become a neutral or even positive balance when exported services from the US are included in the calculculation.
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Here’s How Americans See Their Trade Relationships With Other Trading “Partners”
This whole discussion about trade deficits misses one important point. Trade deficits are measured differences in values of exported and imported goods. They do not include services
Many countries with a negatives trade balance with the US based on goods, become a neutral or even positive balance when exported services from the US are included in the calculculation.