{"id":25222,"date":"2025-04-02T21:05:45","date_gmt":"2025-04-02T21:05:45","guid":{"rendered":"http:\/\/medexperts.pro\/?p=25222"},"modified":"2025-04-02T22:28:08","modified_gmt":"2025-04-02T22:28:08","slug":"to-counter-trumps-tariffs-on-goods-countries-may-hit-back-at-us-services","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=25222","title":{"rendered":"To Counter Trump\u2019s Tariffs on Goods, Countries May Hit Back at US Services"},"content":{"rendered":"
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President Trump says he is outraged by the fact that the United States imports more goods than it sends to the rest of the world. What he rarely mentions, though, is that when it comes to services, the tables are turned.<\/p>\n

Service sectors \u2014 which include the finance, travel, engineering and medical industries and more \u2014 make up the bulk of the American economy. Exports of these services brought more than $1 trillion into the United States last year.<\/p>\n

But that dominance also gives other countries some clout in negotiations \u2014 including the ability to impose some pain on the U.S. economy as they look to retaliate against Mr. Trump\u2019s tariffs on goods.<\/p>\n

The European Union, for instance, could use tools designed to restrict services coming into the bloc as a cudgel.<\/p>\n<\/div>\n<\/div>\n

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\u201cThe real leverage that the Europeans have is ultimately on the services side,\u201d said Mujtaba Rahman, managing director for Europe at the Eurasia Group, a political research firm. \u201cIt will escalate before it de-escalates.\u201d<\/p>\n

The United States is the largest exporter of services in the world, and a large share of those services, from financial services to cloud computing, are delivered digitally. The country ran a trade surplus in services of nearly $300 billion last year.<\/p>\n

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President Trump says he is outraged by the fact that the United States imports more goods than it sends to the rest of the world. What he rarely mentions, though, is that when it comes to services, the tables are turned.Service sectors \u2014 which include the finance, travel, engineering and medical industries and more \u2014 make up the bulk of the American economy. Exports of these services brought more than $1 trillion into the United States last year.But that dominance also gives other countries some clout in negotiations \u2014 including the ability to impose some pain on the U.S. economy as they look to retaliate against Mr. Trump\u2019s tariffs on goods.The European Union, for instance, could use tools designed to restrict services coming into the bloc as a cudgel.\u201cThe real leverage that the Europeans have is ultimately on the services side,\u201d said Mujtaba Rahman, managing director for Europe at the Eurasia Group, a political research firm. \u201cIt will escalate before it de-escalates.\u201dThe United States is the largest exporter of services in the world, and a large share of those services, from financial services to cloud computing, are delivered digitally. The country ran a trade surplus in services of nearly $300 billion last year.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":25224,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-25222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/25222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25222"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/25222\/revisions"}],"predecessor-version":[{"id":25225,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/25222\/revisions\/25225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/25224"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}