IPhone Adds $1.9 Billion to U.S.-China Trade Deficit

One widely touted solution for current U.S. economic woes is for America to produce more of the high-tech gadgets that the rest of the world craves.
Yet two academic researchers have found that Apple Inc.’s iPhone — one of the most iconic U.S. technology products actually added $1.9 billion to the U.S. trade deficit with China last year.
Article via WSJ