The U.S. has a $282 billion trade surplus you've never heard of - and it's at risk | Fortune
Briefly

The U.S. has a $282 billion trade surplus you've never heard of - and it's at risk | Fortune
"Digital trade helps American companies and workers reach the 96 percent of the world's consumers who live outside our borders. Our $282 billion trade surplus in digitally delivered services is testament to that."
"Counterintuitively, digital trade's greatest impacts fall outside the tech sector entirely - in manufacturing, agriculture, health care, financial services, and entertainment."
"By reinforcing our economic strength, digital trade underwrites our technological leadership and enhances our national security. U.S. firms that do more business abroad can invest more in cutting-edge R&D at home."
Digital trade is essential for U.S. economic and national security, with potential to enhance growth in various sectors. It allows American companies to reach global consumers, evidenced by a $282 billion trade surplus in digitally delivered services. The impact of digital trade extends beyond the tech sector, benefiting manufacturing, agriculture, health care, and small businesses. By fostering economic strength, digital trade supports technological leadership and national security, enabling U.S. firms to invest in advanced research and development while protecting intellectual property rights.
Read at Fortune
Unable to calculate read time
[
|
]