ITC's annual U.S. services trade report focuses on financial services industry

The International Trade Commission has released its annual “ Recent Trends in U.S. Services Trade report, ” which is focused on exports and imports of financial services. The industry, it states, is “facing significant challenges and disruptions from digital technologies and in navigating the post-recessionary financial landscape of increased regulation and low interest rates.” The report adds up the numbers for 2015, noting the U.S. exported $119.6 billion in financial services and imported $72.9 billion, “resulting in a trade surplus...