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Growing trade deficit is selling the nation out from under us (2003) [pdf]

(faculty.washington.edu)
162 points TaurenHunter | 1 comments | 04 Apr 25 09:20 UTC | HN request time: 0s | source
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randyrand ◴[04 Apr 25 09:58 UTC] No.43580117[source]▶
The USA captures most of the value from selling iPhones worldwide, but yet the entire value of an iPhone counts only as a Chinese export.

Something is not right with how we calculate these things.

replies(4): >>43580160 #>>43580170 #>>43580198 #>>43580241 #
1. soco ◴[04 Apr 25 10:10 UTC] No.43580198[source]▶
Unless I got it completely wrong, the beauty of this ambiguity is that one can make two radically different arguments based on it, depending on who we're trying to impress. Do you want to praise the USA? Here. Do you want to tax China? Also here.