To Counter Trump’s Tariffs on Goods, Countries May Hit Back at US Services
“The real leverage that the Europeans have is ultimately on the services side,” said Mujtaba Rahman, managing director for Europe at the Eurasia Group, a political research firm. “It will escalate before it de-escalates.”
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.
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Originally posted on: https://www.nytimes.com/2025/04/02/business/economy/tariffs-foreign-goods-tariffs-us-services.html