Trump #tariffs
While the US buys more goods from abroad than it sells, the opposite is true for #services, which include everything from streaming subscriptions to financial advice, chart @wsj.com https://www.wsj.com/economy/trade/us-exports-services-trump-tariff-calculations-fe481e2b?mod=series_tariffstrade
Trump left these service exports out of his tariff math, but they are being pulled into his trade wars. -- Countries can’t easily impose tariffs on #services, but they can tax, fine or even ban US companies. The #EU has floated going after big US #tech companies in response to Trump’s sweeping #tariff threats.