Trade

NY Times: President Trump’s Exaggerated and Misleading Claims on Trade - The president’s claims about enormous trade deficits, tariffs and the World Trade Organization are overstated and contradicted by his own economic report. By Linda Qiu

Like most developed countries, the United States is primarily a services economy, said Scott Lincicome, a trade analyst at the Cato Institute, a libertarian think tank. And American service sectors — like accounting, finance, technology, engineering and law — are globally dominant.