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Rob Feenstra on National Public Radio

Rob Feenstra can be heard in a National Public Radio story on how international trade flows are calculated by attributing the entire value of a product to the country in which the final product is assembled, even if components are p[roduced elsewhere. For example, the total wholesale value of the iPhone — for the 3G model it was about $180 — goes on the Chinese import side of the trade ledger. As a result, says economist Rob Feenstra of the University of California, Davis, "The U.S. trade deficit with China tends to be exaggerated." For the NPR story see Rob is Director of The Center for International Data at UC  Davis -