“President Trump is wielding tariffs to try to close the massive U.S. trade deficit in goods, which he sees as a sign of economic weakness,” the Wall Street Journal reports.
“It is only part of the trade story.”
“While the U.S. buys more goods from abroad than it sells, the opposite is true for services, which include everything from streaming subscriptions to financial advice.
Trump left these service exports out of his tariff math, but they are being pulled into his trade wars.”