Forecasts by Western Union and Oxford Economics project the value of international, cross-border trade in services rising from $6.1trn in 2019 to $8.0trn by 2025 – a 31% increase in value Amongst ...

When the Services Trade Data Tells You More About Tax Avoidance Than About Actual Trade… In theory, there is a strong case for trade in services—specialization raises the productivity of all. Yet the ...

From September 10 to 14, 2025, the 2025 China International Fair for Trade in Services (CIFTIS) was grandly held at the Shougang Park in Beijing and concluded successfully. With the theme of “Digital ...

The US Department of Commerce says the combined goods and services trade deficit stretched to a gargantuan $918.4 billion in 2024. That's a 17% increase compared to 2023, although it's a little ...

Chances are you do not work in agriculture or in manufacturing. In fact, four out of five jobs in the United States are in “services,” and 75 percent of U.S. GDP is derived from services. Worldwide, ...

Since the passage of the Tax Cuts and Jobs Act, business owners and tax practitioners alike have focused on the potential effect of Section 199A. Though it has been clear for some time that the 20% ...

I’m taking a short break from tariffs this week to focus on a different and often misunderstood part of the trade picture—the role services provided inside the United States play in our trade balance.