Reference no: EM133184949
Promoting international trade is not a zero-sum game. It is a win-win proposition; both parties gain from trade.
Consider the following:
Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country producing the products upon which the tariffs are levied.
The term "trade deficits" is a misnomer. Every country's trade is always in balance.
Trade deficits do not mean the US no longer produces anything to export. The US is the world's second largest manufacturer and the world's second largest exporter of manufactured goods.
Trade deficits reflect a strong economy. Trade deficits rise during economic expansions and fall during economic contractions. Unemployment falls as trade deficits rise and rises as trade deficits fall.
Imports and exports are complements, not competitors. Both are necessary and both contribute to economic growth.
Roughly one-third of all US imports and exports is trade between US multinational companies and their overseas subsidiaries.
Foreign-owned companies operating in the US number in the thousands and provide directly or indirectly jobs for more than 13 million US workers (roughly, 10% of the US workforce).
US trade deficit in goods in 2018 (as a % of GDP) was the same as it was 5, 10 and 15 years earlier.
The rise in US goods trade deficit with China has not increased the US total goods trade deficit. It has been offset by reduced goods imports from other trading partners.
There is a strong correlation between the rise in world trade and:
The rise in world GDP
The dramatic fall in the world's extreme poverty rate
The rise in world life expectancy
For every US manufacturing job lost to trade between 2000 and 2010, seven US jobs were lost to domestic productivity improvements. Those seven jobs cannot be brought back from overseas because they never left the US.
Write a evaluation of credible economists' unbiased opinions on the benefits, costs, and results of current US trade and tariff policies. Complete the following in your evaluation:
Evaluate how US trade policy changes in the last 2 years affect global trade activities by multinational corporations.
Discuss credible economists' opinions on the long-term effects of trade and tariff policies changes in the last 2 years.
Explain the effect of recent changes to trade and tariff policies have had on your employer, you, or someone you know.
|
Pros and cons of regional trade agreements
: Regional trade agreements (RTAs) between two or more countries have become important institutions in the world economy
|
|
Calculate the revised annual amortization expense
: The patent had 15 years remaining as its useful life. Calculate the revised annual amortization expense (in $) for the remaining years after the lawsuit
|
|
Create a partial balance sheet for kimbo at december
: Create a partial balance sheet for Kimbo at December 31, Year 3, showing how its $7,000,000 of short-term debt should be presented
|
|
Disclosed or undisclosed principal given understanding
: Was Leo authorized to contract with Dan? Why or why not and was Dan a disclosed, parially disclosed or undisclosed principal given your understanding?
|
|
Global trade activities by multinational corporations
: Evaluate how US trade policy changes in the last 2 years affect global trade activities by multinational corporations.
|
|
Create the journal entry to record interest expense
: On February 1, Year 1, Lotrim Company issued 9% bonds, dated February 1, with a face amount of $800,000. Create the journal entry to record interest expense
|
|
Gross Domestic Product
: Domestic economy in the areas of price level, interest rates, consumption, investment, wages, jobs, and gross domestic product (GDP)?
|
|
Determine the increase in share premium
: If the bonds were issued separately, they would have been sold for P35,000 on an 8% yield to maturity basis. Determine the increase in share premium
|
|
Avoidance coping and problem focused coping strategies
: Avoidance coping and problem focused coping strategies - They may feel like they have less time for themselves or less time for leisure/preferred activities
|