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The "calculations" of trade deficits not including services (which America became a services economy) is a bold choice. Ie, the iPhone might be buying from Chin
by smileysteve 2y ago
The "calculations" of trade deficits not including services (which America became a services economy) is a bold choice. Ie, the iPhone might be buying from China, but if you purchase an iTunes or iCloud subscription.
It's completely possible that America produces luxury goods (ie John Deere tractors, Ford sprinter vans, airplanes) that can only have so much demand to smaller nations.
- beardyw 2y agoI live in the UK and I can't think of anything I buy from the US apart from Netflix for a month each year. Possibly stuff I buy indirectly but can't think of anything offhand.
- kalleboo 2y agoEnergy is probably a big one, Europe is importing a lot of LNG and oil from the US after Russia got sanctioned.
- dtagames 2y agoAircraft are hardly niche products.