This key American business sector has a massive trade surplus with the rest of the world. Its jobs are at risk in a trade war.

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This key American business sector has a massive trade surplus with the rest of the world. Its jobs are at risk in a trade war. | CNN Business

//business-finance.news-articles.net/content/202 .. obs-are-at-risk-in-a-trade-war-cnn-business.html

Published in Business and Finance on Thursday, April 24th 2025 at 21:01 GMT by CNN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

While the White House is waging a trade war on behalf of US manufacturing, the largest and most important part of the US economy, one that has a trade surplus, not a gap, is under threat.

2025-04-24 312 x 176 / 77414 Bytes

The article from CNN, dated April 11, 2025, discusses the escalating tensions in global trade, particularly focusing on how the service sector is increasingly becoming a battleground in trade wars. It highlights that countries are imposing new restrictions and tariffs on services such as finance, telecommunications, and IT, which are threatening jobs and economic stability worldwide. The piece details how these measures are not only affecting large corporations but also small businesses and freelancers who rely on international clients. Experts cited in the article warn that the service sector, a significant driver of economic growth, could face severe disruptions if the trade conflicts continue to intensify, potentially leading to job losses and reduced economic output in many countries.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/04/11/business/service-sector-trade-war-jobs-threat/index.html ]