Economists, is this trade balance analysis correct?

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Economists, is this trade balance analysis correct?

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Buy European@feddit.ukEnglish · 2 months ago

Source: https://tradingeconomics.com/united-states/balance-of-trade

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BrowseMan@sh.itjust.works
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2 months ago
“trade deficit” is a completly wrong expression.

Why? Because it only count goods and not services. Services which, for a developed economy, are generaly above goods in part of GDP.

https://www.bea.gov/data/gdp/gdp-industry

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