Trade
in sentence
11085 examples of Trade in a sentence
China’s large external surplus – above 10% of GDP in 2007 – has narrowed significantly in recent years, with the
trade
imbalance falling to about 2.5% of GDP.
Obviously, not all countries can run
trade
surpluses at the same time.
A big difference, however, was the turnaround in Germany’s external balance, with annual deficits in the 1990’s swinging to a substantial surplus in recent years, thanks to its
trade
partners in the eurozone and, more recently, the rest of the world.
Moreover, a
trade
agreement with Afghanistan that allows Afghan goods to cross Pakistan en route to India may be one step towards an improvement of economic relations with that large and rapidly growing neighbor.
Still, it seemed more likely to pass than the other two pending Latin American
trade
deals with Panama and Peru.
But, just as former US Vice-President Al Gore recently refused to share a dais with Uribe in Miami, many members of Congress refuse to approve a
trade
agreement or an aid package that may link them to a government tainted by egregious human rights abuses, complicity with drug lords, or both.
The US has never really wanted to include human rights issues in
trade
agreements; at best, and only when forced, US presidents have consented to incorporating labor and environmental chapters.
The European Union thinks differently; in its economic cooperation and free
trade
agreement with Mexico, for example, it insisted on – and achieved – the inclusion of a “democracy clause” that made its economic benefits conditional on ongoing respect for democratic rule and human rights.
For example, protectionist Democrats in the US Congress have been able to insulate themselves from charges of opposing free
trade
if they scuttle Colombia’s FTA, because they will most likely ratify the deals for Panama and Peru.
In a region where threats to democracy and human rights are growing, linking
trade
and economic policy to these considerations is not a bad idea.
Yet, despite these headwinds, the merchandise
trade
deficit fell by a quarter between 1931 and 1932.
Second, Britain was able quickly to put in place a set of favorable
trade
deals, negotiated with Commonwealth countries at the Ottawa Conference in 1932.
In today’s more complicated legal environment, it will take years to negotiate
trade
deals with the EU and then other partners.
The
trade
deficit with the dollar area, made up of the US and other countries that used its currency to settle international payments, contracted sharply.
Third, with the creation of the European Payments Union, the UK and its European partners agreed to dismantle controls on
trade
with one another.
US growth is far from robust, and EU countries have made clear that they are in no hurry to negotiate a
trade
deal with the UK.
The balance-of-payments crisis of 1966-7 reflected the tendency of British wages to grow faster than productivity, the consequent
trade
deficits, and foreign investors’ reluctance to finance a position they saw as unsustainable.
And a new set of
trade
deals will not be concluded overnight.
But adverse movements in the terms of
trade
must be accommodated; they cannot be fought with monetary policy.
It is probably best to accept that commodity prices will be volatile, and to create ways to limit the adverse economic effects – for example, financial instruments that allow hedging of the terms of
trade.
One might think that the details of
trade
agreements and tariff barriers with Ukraine would baffle most Dutch voters, and one might also wonder why they should care enough to hold a referendum.
This reflects a fundamental conflict between Thatcherism and Trumpism: the latter aims to sweep away the neoliberal consensus of unregulated markets, privatization, free trade, and immigration that comprised the former.
The Trump administration’s tendency toward
trade
protectionism – not to mention financial deregulation – is therefore a source of serious concern.
But uncoordinated action could result in a vicious cycle of retaliation, turning the currency war into a full-blown
trade
showdown, with serious consequences for all parties involved.
Globalization makes it easier for terrorists to acquire the tools of their
trade
and to move about.
Second, the idea that emerging-market economies could fully decouple from economic weakness in advanced economies was far-fetched: recession in the eurozone, near-recession in the United Kingdom and Japan in 2011-2012, and slow economic growth in the United States were always likely to affect emerging-market performance negatively – via trade, financial links, and investor confidence.
For example, the ongoing eurozone downturn has hurt Turkey and emerging-market economies in Central and Eastern Europe, owing to
trade
links.
This implies a slowdown in reforms that increase the private sector’s productivity and economic share, together with a greater economic role for state-owned enterprises (and for state-owned banks in the allocation of credit and savings), as well as resource nationalism,
trade
protectionism, import-substitution industrialization policies, and imposition of capital controls.
Investors outside the US can see the magnitude of the
trade
deficit, calculate the likely decline in the dollar required to eliminate it, and recognize that the interest rate and equity return differentials from investing in the US are insufficient to compensate for the risk that next month will be when capital inflows into America start to fall.
Its launch has sharply weakened the yen and is now leading to rising
trade
surpluses.
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