our number 1 export is us dollar, any trade surplus from other countries would cycle back to buy us treasuries because usd is not often used day to day in their home countries. that’s why we often have capital account surplus, been no 1 in foreign direct investment. and we have service sector surplus with many countries. i never heard other big accountant firms other than the big four, and big global law firms are americans
Service sector surplus is peanuts, nowhere near as large as the deficit in the goods sector. Again look at the numbers.
over 1 trillion goods are two ways, china buys components from intel/amd and assembles into computers, net net is not much, but we don’t count their cost of imports. this has been debated in cheetos first term. my last post to you.
https://www.statista.com/statistics/277494/total-value-of-us-trade-in-goods-with-china/ https://usafacts.org/articles/what-are-the-top-us-exports-to-china/
I've explained this before: Trump refused to ratify the Transpacific Trade Agreement that Bush and Obama negotiated to contain China. He also refused to sign the Transatlantic Trade Agreement with the EU. It's not about free trade. It's about backroom deal capitalism vs. rules-based order. Corruption for short. And ego. And cruelty. China is not Marco Rubio. The EU is not Ted Cruz.
Market isn’t down despite all the noise. Let’s see if FOMC’s “wait and see” breaks it. Otherwise I don’t know why we couldn’t rally. I think indexes can end up +2% today. SPY 510 currently 498
What are you going to believe, your eyes or what the Great Leader tells you? I have better things to do... Bye-bye
"In 2023, the US exported services worth $1.02 trillion, up 8 percent from a year earlier, and imported services for $748.2bn, up 5 percent. That left it with a trade surplus of $278bn, a trend stretching back at least two decades." https://www.aljazeera.com/economy/2025/4/4/the-trade-surplus-that-trump-never-mentions#:~:text=In 2023, the US exported,back at least two decades. That $1.02 trillion is the total exports in service, NOT trade surplus in the service sector. The surplus in the service sector is only $278 billion and that's the TOTAL trade surplus in the service sector with ALL countries combined!! The trade deficit with China ALONE is $291 billion, larger than the ENTIRE trade surplus in the service sector!! No matter how many ways you count them, an export is an export. If you import something cheap but sell the rest of the goods even cheaper, you are still not making money as a whole. Sure the tech sector might be making money but what about the rest of the sectors of the American economy? They don't count? Whereas China gets all of the pie and have all of the sectors making money and let USA have the piecemeal of the tech sector? LOL This is why Trump wants to make America Great again, not just the American Tech Sector great. Can't believe all those politicians get lobbied by the high tech industry just sold America out for all these years. Yup numbers don't lie. LOL It's amazing how much they can reveal when you take a cold hard look at them. Looking forward to your next moronic and ignorant post.