![]() ![]() 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. Unemployment falls as trade deficits rise and rises as trade deficits fall.Imports and exports are complements, not competitors. Trade deficits rise during economic expansions and fall during economic contractions. 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. Every country’s trade is always in balance.Trade deficits do not mean the US no longer produces anything to export. 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. These parties support increasing tariffs on imports, elimination, or re-writing of trade agreements.Respond to the following in a 300 words:Discuss what credible economists say about the effects that tariffs, changing trade agreements, and/or manipulating exchange rates will have on the total US trade balance.Do you agree with their assertions? Why or why not? PART TWO (Introduction, conclusion, citations, 1 graph, 1 chart, and references)International Trade SummaryAssignment ContentPromoting international trade is not a zero-sum game. ![]() PART ONE (1 citation and reference)Effects of Trade Policies and TariffsSome politicians, labor unions, and special interest groups argue that US trade deficits are harmful to the economy and nations that run large trade surpluses with the US are benefiting from unfair trade practices and agreements. “la sanción revela una visión sesgada dogmática y etnocentrista” “para referirse cariñosamente a un ser querido, a un estimado amigo” Viejas costumbres han caído en desuso y tu afabilidad no vale un pepino -Pensó con amargura en la casa perdida para Lo que todo esto significa es que ha desaparecido el viejo mundo. Le pareció divertido-, le sentaba mejor que a ti. ![]() Tiene derecho a llevar el mismo sombrero que tú, y, a decir verdad -añadió gratuitamente porque Igualdad de género o para hacer frente al cambio climático La cuestión del racismo tiene una presencia recurrente e inevitable a diferencia de las demandas por la ¿Para qué se necesita virtudes y los otros ya tienen defectos? ![]()
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