Thursday, October 31, 2019 Data has become the most traded good and/or service across borders. The American economy is increasingly reliant on digital trade. But the US does not yet participate in any explicit binding digital trade agreements. Meanwhile, many countries have adopted policies that inhibit digital trade, including requirements that data be stored locally or restricting services provided by foreign firms. Such policies not only affect U.S. Internet and technology firms, but the users and small businesses that rely on an open digital environment.