Trade
in sentence
11085 examples of Trade in a sentence
Trump has also torn up two major international
trade
treaties and threatened to withdraw from the World
Trade
Organization.
The trigger for America’s turn to economic nationalism is its widening
trade
deficit – $566 billion in 2017, and growing – as the US economy recovers.
However, in a world of strategic competition, international commerce can be, and usually is, an instrument of policy, and its use in that context should not be denied simply because it breaches the sacred principle of free
trade.
As Friedrich List, the nineteenth-century pioneer of economic nationalism, pointed out, free
trade
assumes a peaceful world.
But as an overall
trade
policy, tariffs are crude and inexact.
The US will incur high costs and might end up without a substantially lower
trade
deficit or other meaningful benefits.
Is there a way to limit free
trade
that does not lead to
trade
wars?
Under this plan, policymakers would establish a ceiling for the
trade
deficit each year and impose limits on trading partners’ surpluses.
In the US case, this ceiling would largely affect China, Mexico, Japan, and Germany, which contributed $375 billion, $71 billion, $69 billion, and $64 billion, respectively, to the overall
trade
deficit in 2017.
Under CFT, a
trade
surplus country can reduce its exports to the set limit.
First and foremost, it would automatically prevent
trade
wars.
Second, CFT would confront, in one stroke for each partner, government subsidies, price and currency manipulations, and the other dirty tricks of international
trade.
In contrast to prolonged and often fruitless haggling over
trade
treaties, results would be obtained immediately.
Fourth, because of America’s leverage, its adoption of CFT would “nudge” reluctant
trade
surplus countries to accept such a payments system.
From a historical perspective, CFT essentially amounts to a unilateral activation of the scarce-currency clause (Article 7) of the Bretton Woods Agreement, which allowed the International Monetary Fund to declare “scarce” the currency of a country running a persistent
trade
surplus, permitting other members to discriminate against its goods.
In short, CFT addresses
trade
deficits, overcomes the limitations of tariffs, fights
trade
manipulation, corrects current mainstream economic theory, and is a necessary step toward re-establishing a feasible global payments system.
It is the result of enormous corporate re-structuring over the past several years, which increased labor productivity, and of German
trade
unions’ willingness to accept modest wage increases.
It took several years for
trade
union restraint to flower into robust competitiveness, but flower it did.
Even in the current period of growing optimism about the German economy, the nation’s
trade
unions are showing themselves to be moderate.
A further lesson for Sarkozy from Germany is that an enlightened corporate state needs supportive political leadership as well as accommodating
trade
unions.
On the contrary, she supports an independent ECB and has let Germany’s
trade
unions and companies know that they will have to live with a strong currency and an anti-inflationary monetary policy.
It takes more time to build up skills and open
trade
opportunities than it does to lay off workers and shut down inefficient firms.
For the IMF, Cuba’s membership would fit squarely into its mission of facilitating international
trade
and eliminating the foreign-exchange restrictions that hamper it.
The Economic Consequences of Trump’s
Trade
WarBERKELEY – US President Donald Trump’s phony, blowhard’s
trade
war just got real.
An angry Trump has ordered the US
trade
representative to draw up a list of additional Chinese goods, worth more than $400 billion, that could be taxed, and China again vowed to retaliate.
Second, the markets may be betting that Trump is right when he says that
trade
wars are easy to win.
Still, one worries, because the standard economic models are notoriously bad at capturing the macroeconomic effects of uncertainty, which
trade
wars create with a vengeance.
So, for those who observe that the economic and financial fallout from Trump’s
trade
war has been surprisingly small, the best response is: just wait.
So the decision in January by Philipp Hildebrand, Chairman of the Board of the Swiss National Bank (SNB), to resign over allegations relating to a suspicious currency
trade
made by his wife, is to be welcomed.
Even if he did not know about the trade, Hildebrand committed an error of judgment in not reversing the transaction immediately.
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