Does Just One Product – the iPhone – Cause an $11 Billion Trade Deficit for the US?

Posted on by Farok J. Contractor

© 2018, Farok J. Contractor, Rutgers Business School   Note: See the Updated Post of May 5, 2025: Misrepresentations About International Trade:  The Case of Apple’s iPhone Trade Statistics Alone Can Frighten and Mislead In my July 11, 2018 blog post, The US-China Trade Spat: How the Public, Media, and Politicians Can Be Deceived by Data, I … Continue reading Does Just One Product – the iPhone – Cause an $11 Billion Trade Deficit for the US?

The US-China Trade Spat: How the Public, Media, and Politicians Can Be Deceived by Data

Posted on by Farok J. Contractor

© 2018, Farok J. Contractor, Rutgers Business School   Trade Statistics Can Be Less Than Half the China Story Looking at trade statistics alone is misleading because they lack overall context. The $337 billion US deficit with China in 2017 sounds scary. But a review of other economic factors provides insight into the larger picture. 1. … Continue reading The US-China Trade Spat: How the Public, Media, and Politicians Can Be Deceived by Data