Boring topic: Tariffs

Speaking of the Ice Queen, here she is hiding her face in the Oval.

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:face_with_peeking_eye:

Pretty odd photo.

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Maybe she is really short-sighted?

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From ChatGPT…

As of the most recent data available for 2024, the United States maintains trade surpluses with several countries, meaning it exports more to these nations than it imports from them. These surpluses are particularly notable in both goods and services.

Countries with Notable U.S. Trade Surpluses

Here are some countries where the U.S. recorded significant trade surpluses in 2024:
• Netherlands: $18.8 billion surplus
• South and Central America (combined): $16.8 billion surplus
• Australia: $8.8 billion surplus
• Brazil: $8.1 billion surplus
• Singapore: $6.9 billion surplus
• Hong Kong: $5.4 billion surplus
• United Kingdom: $3.3 billion surplus
• Saudi Arabia: $1.9 billion surplus
• Belgium: $0.8 billion surplus

These figures are based on goods and services trade balances and reflect the U.S.’s strong export relationships with these nations. 

U.S. Services Trade Surplus

In addition to goods, the U.S. also enjoys a substantial surplus in services trade. In 2024, the U.S. posted a $295 billion surplus in services, encompassing sectors like financial services, software, and streaming media. This surplus highlights the U.S.’s competitive advantage in high-value service industries. 

These trade surpluses are influenced by various factors, including the U.S.’s strong service sector, technological advancements, and established trade relationships.

How is there a trade surplus with Saudi Arabia?

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Weapons are not cheap!

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