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Fortune
Fortune
Josh Kallmer

The U.S. has a $282 billion trade surplus you've never heard of — and it's at risk

trump (Credit: Tasos Katopodis/Getty Images)

Last December, U.S. Trade Representative Jamieson Greer declared 2025 the “Year of the Tariff.” His continued leadership can make 2026 the “Year of Digital Trade.” There could be no better investment in U.S. economic and national security.

When Caterpillar provides cloud-based equipment diagnostic services to a mining company in Australia, that’s digital trade. When Midwest farmers use John Deere’s AI-powered precision agriculture platform to sell precision-harvested grain to customers in Japan, that’s digital trade. And when people use Zoom to do business across borders — whether it’s Coursera serving students in India, Cleveland Clinic doctors providing cardiac care to patients in the Middle East, or American Woodmark selling U.S.-made cabinets to global customers — that’s digital trade.

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