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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: 0.403s | 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.

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mysecretaccount ◴[04 Apr 25 10:04 UTC] 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. sandworm101 ◴[04 Apr 25 10:18 UTC] No.43580243[source]▶
The physical phone is a "good" that is exported from china. But the majority of the value for an iPhone is in the "services" rendered to that phone, which may be sold/exported from the US but can likely be shifted to other countries in order to avoided taxation/tariffs.