Are we factoring in digital/service trades? For example, Netflix is in Vietnam. There are many Netflix subscribers in Vietnam. Does that get factored into the trade deficit? Or is it only physical goods that get factored in?
Vietnam uses many US services such as Microsoft Office, Netflix, ChatGPT, Facebook ads, etc. This is revenue that directly go into the pockets of American companies.
Vietnam uses many US services such as Microsoft Office, Netflix, ChatGPT, Facebook ads, etc. This is revenue that directly go into the pockets of American companies.