alt Hacker NewsThe balance of trade accounts for "export of computer services," because of course it does, and the account is in deficit in spite of these, because of course it is. The insane thing is that you tried to offer this "insight" without even bothering to check!
Replies
scott_weber • yesterday at 10:25 PM
My read of "manufacture a huge amount of products" was that it's not even about software. America is still the world's second largest manufacturing economy, and per capita produces more than China!
https://en.wikipedia.org/wiki/Manufacturing
Most of this manufacturing is just not consumer facing.
My point is that people are over focusing on manufacturing of physical goods while ignoring all the other aspects of the balance of payments, or indeed the internal US economy.
(Also, if you're trying to reduce imports, that messes up the balance of payments of your trade partners who get mad, and if you do it obnoxiously enough then other countries start substituting away your exports)