Trade
in sentence
11085 examples of Trade in a sentence
Beginning in the middle of that decade, however, the
trade
surplus for services increased significantly, while the deficit for goods started to expand.
President Donald Trump argues that the widening US external deficit reflects unfair international rules that benefit its
trade
partners, with China receiving the most attention.
To understand the current China-US
trade
relationship, two points should be considered.
First, until 1985, China had a
trade
deficit with the US.
Then the imbalance shifted, and China registered a $60 million
trade
surplus with the US, which accounted for 0.3% of the total US external deficit.
In 2016, however, the US
trade
deficit with China amounted to $347 billion, accounting for 44% of its total deficit.
Japan’s
trade
surplus with the US was $103 billion in 1985; by 2007, it had increased to only $130 billion.
The continued growth of US
trade
deficits, particularly since the mid-1980s, reflects monetary expansion by the Federal Reserve, which has inflated real estate and stock prices; thanks to the resulting wealth effect, consumption has increased and saving has decreased.
Because the dollar is no longer pegged to gold and is an international reserve currency, the US can sustain its
trade
deficit by printing more dollars to support imports.
Starting from the 1950s and 1960s, the US began importing these products from East Asia and registered a
trade
deficit with the region.
The increase in China’s
trade
surplus with the US since 1985 has been driven primarily by the evolution of the East Asian economy.
However, while China’s
trade
surplus with the US rapidly increased, the contribution of the East Asian region to the US
trade
deficit declined.
As the ratio of its
trade
deficit with China to its total
trade
deficit rose to more than 40% from 0.3%, the ratio of its
trade
deficit with East Asia to its total
trade
deficit dropped to about 50%, from more than 100% in the early 1990s.
In other words, East Asia, including China, is not the main cause of the rapid expansion of the US
trade
deficit.
Moreover, the size of China’s
trade
surplus with the US has been systematically overstated, because the capital-intensive components of its labor-intensive manufacturing products are primarily imported from South Korea and Taiwan.
As China’s labor costs rise, its
trade
surplus with the US will be transferred to countries and regions that have lower labor costs and are willing to accommodate labor-intensive manufacturing.
The politically motivated imposition of high US tariffs on imports from China would fly in the face of reciprocity, contradict the win-win principle of trade, and jeopardize the interests of US voters.
China can take some measures to fight back, such as raising tariffs on imports of selected US products; but it should prevent
trade
disputes from escalating into a
trade
war.
In the past, the US took advantage of its position as the world’s biggest economic power and largest trader to rule out any multilateral
trade
provisions that did not serve its interests; otherwise, the US would not promote free
trade.
Now, with the US abandoning free trade, China can take up the mantle of promoting it, thereby improving its image as a major power and demonstrating its commitment to global governance and development.
China’s strategic imperatives in this competition are twofold: to ensure that no rival acquires a dangerous “privileged influence” in any of its border regions; and to promote stability so that trade, and the sea lanes through which it passes (hence China’s interest in Sri Lanka and in combating Somali pirates), is protected.
China lowered
trade
barriers and offered soft loans and investments to help its southern neighbours.
Growing demand for raw materials, owing to sharply increased industrial growth in Asia, particularly China and India, has benefited the terms of
trade
of many Latin American countries, and this is not expected to end anytime soon.
The vast majority of America’s rebalance comes in non-military areas like
trade
and development.
With India, we have developed an unprecedented bilateral initiative that will streamline our export processes and deepen our defense
trade
and co-production.
Appropriate policies regarding macroeconomics, trade, and financial stability will remain crucial to establishing the basic conditions for the efficient allocation of resources underpinning growth.
Trade
liberalization will undermine the power of
trade
and customs officials.
Similarly, in
trade
reform, capital markets reform, land reform, market participants are pushing for less regulation.
Liberals and social democrats supported a private-ownership economy, markets, European integration, and increased trade, tempered by substantially redistributive taxes and transfers, a strong social safety net, and some public ownership in areas such as infrastructure and finance.
When it comes to
trade
protectionism, European integration, and economic globalization, those on the far right and the far left often share the same views.
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