balance of trade

Comparing Trump's tariffs, pure free trade, and Import Certificates trade policies. Foreign trade per se, is of no harm but rather of some benefit to participating nations. However the same is not true if the nation experiences annual negative net balances of foreign trade, (i.e.annual trade...

Credible economists do not refute annual trade deficits detrimental effects upon their nation's GDP. To the extent that USA products were “crowded out” of marketplaces by foreign goods, effectively due to USA's chronic annual trade deficits, our nation's GDPs were less than otherwise. A...