Why the US Trade Deficit Is a Services Surplus Story

The headline trade deficit number hides a quiet revolution: the US runs a massive surplus in services trade, and it's growing. In this episode, Lucas and Luna dig into the latest data — June's goods-and-services deficit narrowed to $73 billion from nearly $78 billion — and show how services exports like software, royalties, and financial advice are the real engine. They talk about why the deficit in goods is still widening, how services surpluses with the EU and UK are offsetting goods deficits with China, and what it means when people say the US is the world's banker. With the dollar hovering near 98.9 on the index, they explain why a strong dollar doesn't always widen the deficit. A must-listen for anyone who thinks the trade deficit is just about factories and containers. #TradeDeficit #ServicesTrade #USExports #GlobalEconomy #CurrentAccount #DollarIndex #TradeBalance #Economics #FexingoBusiness #BusinessPodcast #Imports #Exports #SoftwareRoyalties #FinancialServices #IntellectualProperty #TradeWar #ChinaTrade #BalanceOfPayments Keep every episode free: buymeacoffee.com/fexingo