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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 | 4/4/2025, 9:20:00 AM | HN request time: 0.233s | source
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randyrand ◴[4/4/2025, 9:58:00 AM] 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.

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mysecretaccount ◴[4/4/2025, 10:04:00 AM] No.43580160[source]▶

iPhone sales don't count as a US export when calculating the trade deficit? Does anyone have information on this? Seems like a major issue indeed.

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1. jfim ◴[4/4/2025, 10:13:00 AM] No.43580218[source]▶

I was wondering the same thing and found this paper: https://www.sciencedirect.com/science/article/abs/pii/S10439...