In initiating his global trade war, Donald Trump appears to overlook a crucial aspect of America’s trade strength: the export of digital services. Experts warn that this oversight could have significant consequences for Silicon Valley, as highlighted in a recent report by Allianz Trade, which surveyed 4,500 firms worldwide to assess the impact of escalating trade tensions. The report cautions that the U.S.’s focus on its trillion-dollar goods deficit may jeopardize “invisible exports,” the rapidly growing sector of financial and digital services that is vital to the economy.
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