Trade
in sentence
11085 examples of Trade in a sentence
It helps to finance other countries’
trade
deficits and domestic investment (many of its beneficiaries have large budget deficits that decrease national saving below domestic investment).
China’s exchange-rate policy and its bilateral
trade
surplus with the US were major issues in America’s presidential election, and concerns over Chinese foreign investment are ubiquitous.
The Chinese, for their part, complain about foreign
trade
practices and are taking some cases (for example, a long-running dispute with the European Union over solar panels) to the WTO, where cases brought against China by other countries are proliferating.
The
trade
deficit.
Yes, the US runs a massive
trade
deficit with China – around $295 billion in 2011, or fully 40% of America’s total merchandise
trade
gap of $738 billion.
After all,
trade
deficits mean job losses.
Because the biggest share of the US
trade
gap is with China, a country vilified as a currency-manipulating cheater, the bilateral
trade
deficit has become the lightening rod for China bashers.
It is what has driven Obama to go to the mat with China on recent disputes within the World
Trade
Organization and on restrictions on Chinese investment in Oregon wind farms, and what has led to saber-rattling by Romney on currency manipulation and
trade
sanctions.
In 2011, the US had
trade
deficits with 98 countries.
They are all part of an enormous multilateral
trade
deficit that stems from America’s unprecedented shortfall of saving – a depreciation-adjusted “net national saving rate” (combining businesses, households, and the government sector) that has been negative since 2008.
Lacking in savings and wanting to grow, the US runs massive current-account and multilateral
trade
deficits in order to import other countries’ surplus savings.
Unless and until the US faces up to its chronic aversion to saving – namely, by reducing massive federal budget deficits and encouraging the rebuilding of severely depleted household saving – multilateral
trade
deficits will persist.
Before the crisis, world
trade
grew at 6-8% annually – well faster than GDP.
But, so far this year,
trade
growth remains stuck at about 3%.
Given the resulting drag on the global economy – and especially on world
trade
– it is in the world’s interest to engineer a coordinated depreciation of the euro.
Traditional recommendations like free trade, competitive exchange rates, and sound fiscal policy are worthwhile only to the extent that they achieve other desirable objectives, such as faster economic growth, lower poverty, and improved equity.
While the integration of these economies may yield gains from
trade
for most countries, it created huge problems in the West, stemming from more intense downward pressure on the wages of the unskilled.
How to Fight Currency ManipulationWASHINGTON, DC – Is it appropriate to use
trade
agreements to discourage countries from using large-scale intervention in the foreign-exchange market to hold down their currencies’ value?
US President Barack Obama correctly argues that this is an occasion to set the rules for
trade
and investment in the twenty-first century.
Recognizing this, Congressman Sander Levin – the senior Democrat on the House Ways and Means Committee, which has jurisdiction over international
trade
– proposes that a TPP currency chapter be based on the IMF guidelines.
People can exchange their knowhow, learn from each other, and
trade.
And yet it is also the proverbial canary in the coalmine, signaling a broad populist/nationalist backlash – at least in advanced economies – against globalization, free trade, offshoring, labor migration, market-oriented policies, supranational authorities, and even technological change.
Yet in the US, Donald Trump has become the hero of angry workers threatened by trade, migration, and technological change.
First, establishment parties of the right and the left, which for more than a generation have supported free
trade
and globalization, are being challenged by populist, nativist/nationalist anti-establishment parties.
This is a sizeable commitment, but it may not be enough – more needs to be done to increase agricultural production, to free up the potential of
trade
to address food insecurity, and to deal with the increasing impact of climate change on agriculture.
This points to a further compression in national saving, making a widening of an already outsize
trade
gap all but inevitable.
That dynamic unmasks the Achilles’ heel of Trumponomics: a blatant protectionist bias that collides head-on with America’s inescapable reliance on foreign saving and
trade
deficits to sustain economic growth.
This is important because it explains the pernicious
trade
deficits that Trump continues to rail against.
And the only way to attract that foreign capital is by running massive current-account and
trade
deficits.
Similarly, the net export deficit – the broadest measure of a country’s
trade
imbalance – has been 4% of GDP since 2000, versus an average of 1.1% over the final three decades of the twentieth century.
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