Despite that the US trade deficit is at the center of debate, US enjoys trade surplus in service!
What are service exports? IP, travel, financial services etc.
Source: WSJ
There is almost $300bn service surplus in 2024.
Despite that the US trade deficit is at the center of debate, US enjoys trade surplus in service!
What are service exports? IP, travel, financial services etc.
Source: WSJ
There is almost $300bn service surplus in 2024.