I believe services are specifically excluded to play into the narrative of there... | Hacker News

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		beAbU 8 months ago \| parent \| context \| favorite \| on: U.S. Economy Contracts at 0.3% Rate in First Quart... I believe services are specifically excluded to play into the narrative of there being a trade deficit.

rcxdude 8 months ago [–]

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

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