4 ms·
tldr: The article argues that it is fairer to look at where the value is added instead of just gross numbers when looking at trade balances.
by yxhuvud 16y ago
tldr: The article argues that it is fairer to look at where the value is added instead of just gross numbers when looking at trade balances.
- joe_the_user 16y agoBut thing is, While the article plausibly argues that the cost of the iPhone should not be credited entirely to China, it still shows the iPhone as adding to the deficit - the cost should just be creditted to Japan, S. Korea, German and "others" instead of China. Which isn't an indication that the US trade deficit is an illusion or anything...
- ars 16y agoIt didn't say it was - it was talking just about China.