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162 points TaurenHunter | 1 comments | 04 Apr 25 09:20 UTC | HN request time: 0.212s | 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.

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.

thefounder ◴[04 Apr 25 10:11 UTC] No.43580204[source]▶

Of course they don't because they are made in China. Do you think that Ford cars manufactured in Mexico count as U.S export?

1. tzs ◴[04 Apr 25 10:51 UTC] No.43580426[source]▶

They are assembled in China. Most of the parts are made elsewhere and shipped to China.

Should the entire price of the phone count as a Chinese export?

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