Americaās Misunderstood Trade Deficit
Several fundamental conditions are widely presumed necessary for a country to enjoy the benefits of global trade. One condition is that import activity ought not exceed export activity. Put more simply, we must sell more than we buy. On its face this seem reasonable. It seems logical that a trade deficit (that is, selling less than we buy) is a drain on our economy. Indeed, every month the news media feed us the bad news about the negative ābalance of tradeā data reported by the Commerce Department.
Trade in the New Digital World
By Jim Holbein, Of Counsel, Braumiller Law Group
This article describes how digitization of information and development of new tools and equipment is expanding to improve efficiency, productivity, safety and almost every aspect of the movement of goods.
Time to Play Nice With China on Trade?
I know, I know, some would say, āAre you kidding? They started this pandemicā? Yes, it did start in Wuhan, in China, but finger pointing at this time is not going to help either of us rebound from the economic impact that it has caused both countries.
Living in the current somewhat apocalyptic world, one would be justified in asking the proverbial question, āWhy canāt we all just get along?ā
The U.S and India Trade War, Well kind ofā¦ Theyāre keeping it Friendly for Now
What war? Weāre on the right track. The trade deficit between India and the United States has decreased by nearly 7% to USD 1.6 billion in 2018, when compared to 2017. India recorded a decrease in the deficit from USD 22.9 billion in 2017 to USD 21.3 billion in 2018, according to the latest figures by the Bureau of Economy Analysis.
