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Author: rnam   😊 😞
Number: of 203 
Subject: Re: Bear Case
Date: 04/03/2025 11:56 AM
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No. of Recommendations: 5
They may be vulnerable to any tariff retaliation from Europe. US has a huge services trade surplus with EU, which almost wipes out the goods trade deficit. Tariffs and taxes on services may be an effective way for EU to retaliate.

US administration only talks about goods trade deficits, not total trade balances including services. I wonder why.
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