What the U.S. Offers the World
When it comes to stuff, the U.S. buys a lot more from the rest of the world than the rest of the world buys from it. The country last ran an overall trade surplus in 1975, and there are few signs that it will stop running big trade deficits anytime soon.
Still, there is an area where the U.S. runs large and growing trade surpluses: non-stuff, also known as services.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Trump Falls on Ceremony. He Should Stop Trying.
- Richard Spencer Has Only Himself to Blame for Hecklers
- Sorry, President Trump. You're No Chester A. Arthur.
- Who Has the World's No. 1 Economy? Not the U.S.
- Russia Is Using Marxist Strategies, and So Is Trump
- A Russian Take on 'The Americans' Scares Moscow Liberals
- Trump’s Quiet Campaign to Undermine Background Checks