United States Trade Deficit and the "New Economy"

2000 ◽  
Author(s):  
Michael R. Pakko
Keyword(s):  
United States ◽  
New Economy ◽  
Trade Deficit ◽  
United States Trade

President Trump Issues Trade-Related Executive Orders and Memoranda

2017 ◽  
Vol 111 (4) ◽  
pp. 1045-1053
Keyword(s):  
United States ◽  
Trade Deficit ◽  
The United States ◽  
Total Trade ◽  
Executive Orders ◽  
Electoral Success ◽  
Executive Action ◽  
Trade Deals ◽  
United States Trade

The United States' total trade deficit in 2016 was $502.3 billion. President Trump believes that the deficit—and especially its consequences (“wealth … stripped from our country”), causes (“bad trade deals”), and images (“shuttered factories”)—played a prominent role in his electoral success in 2016. Since taking office, Trump has signed a series of executive orders and memoranda on trade in order to fulfill various campaign promises on this front. The executive orders and memoranda focus mainly on gathering information and laying groundwork for future executive action. Taken together, they signal the Trump administration's intention to address the United States' trade deficits, especially with China.

The Impact of Incoming US Administration on Global Trade Relations

2017 ◽  
pp. 21-41
Keyword(s):  
United States ◽  
Trade Deficit ◽  
The United States ◽  
Trading Partner ◽  
Global Trade ◽  
Trade Relations ◽  
Trade Deals ◽  
The Impact ◽  
United States Trade

Why did it take decades and an “unconventional” President to realize that the United States had significantly lost out to a “trading partner”? For 2017, United States trade deficit with China was estimated as being over $300 billion. What can be said for now – and what is certain for sure, is that trade gains made by the United States' formidable trading partner, China, were evident – but that millions of Americans either failed to acknowledge its potential or the possibility that it could eventually – and even soon, replace the world's economic leader. It is also possibly the case that it is much clearer for the general populace that are worst hit by the “unbeneficial” trade deals, to see through the picture – and realize what is happening, than those wealthier classes living in “La La land”.

Canada-United States Trade and Economic Interdependence

1981 ◽  
Vol 7 (3) ◽  
pp. 478
Author(s):  
J. R. Williams ◽  
Peter Morici
Keyword(s):  
United States ◽  
Economic Interdependence ◽  
United States Trade

scholarly journals A Critical Analysis of Mercosur Countries’ Trade Relationships with the United States and China

2016 ◽  
Vol 10 (1) ◽  
pp. 163
Author(s):  
M. Anaam Hashmi
Keyword(s):  
United States ◽  
International Trade ◽  
Trade Deficit ◽  
The United States ◽  
Data Series ◽  
The European Union ◽  
Full Member ◽  
Strategic Goals ◽  
Almost All ◽  
Export Industries

The Mercosur trade alliance formed in 1991 is composed of six full member countries. Historically, Mercosur member countries have been engaged in international trade with the United States, Japan, and the European Union, but recently, China has become a dominant player in the region, with increased foreign direct investment and international trade. Chinese commercial and trade involvement was followed by a visit to the region by President Jiang Zemin in 2001; therefore, this study relied on a 2000–2015 data series. Chinese enterprises are competing well with U.S. corporations in almost all Mercosur member countries. A majority of Mercosur members had a trade deficit with China in recent years, suggesting that Mercosur members cannot leverage their export industries and are losing their competitiveness. The future of the Mercosur-China trade relationship is bright because both sides require each other’s products. Future involvement also depends on the Chinese government’s strategic goals, and the competitiveness of U.S. corporations.

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