[billti]

> While the U.S. often has a goods trade deficit, it maintains a surplus in services, including finance, education, and technology

Maybe a naive question, but are only goods considered? I had always assumed the 'deficit' was "money in minus money out", and thus selling services, etc. would be included in it.

[beAbU]

I believe services are specifically excluded to play into the narrative of there being a trade deficit.

[rcxdude]

In the calculation of 'effective tariffs', yes (which amplifies the deficit significantly). The US does still have an overall trade deficit.