They used good and services combined, and talk in dollars when talking about chinese crap. Obviously, nearly 100% of services are not chinese (unless, say, the housekeepers fly in from china, mop my floors, then fly back (and all talk among themselves in spanish just to fool us).
I think in terms of goods, you cannot look at dollars. Look at what is used to show our trade balance with china, etc. Airliners, etc, always help. So we get 100 million t-shirts and they get one 767. I think the idea that many, if not most consumer goods (NOT services) are imported is not far-fetched in terms of units, not dollars.
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"Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one." — Thomas Paine
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