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: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online (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 – Essay Writing Service: Write My Essay by Top-Notch Writer, seven US jobs were lost to domestic productivity improvements. Those seven jobs cannot be brought back from overseas because they never left the US.
Ace my homework – Write a 700- to 1,050-word 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.
· Online assignment help tutors – 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 employee ( I work healthcare), you, or someone you know.
Cite at least 2 academically credible sources.
Format your assignment according to Ace homework tutors – APA guidelines
