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international trade
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CHAPTER 40International Trade
, Chapter Contents
The Economic Basis for Trade
Supply and Demand Analysis of Exports and Impor
Trade Barriers and Export Subsidies
The Case for Protection: A Critical Review
Multilateral Trade Agreements and Free-Trade Zon
, Some Key Trade Facts
U.S. trade deficit in goods: import exceed export by $8
2018.
U.S. trade surplus in services: export exceed import b
2018.
Canada largest U.S. trade partner. 15% US export to C
US import from Canada.
Trade deficit in good with China by $419 billion in 201
Export good & services make up about 12% of total U
compare to Belgium, Netherlands, Germany, Canada
, Principal U.S. Exports
Principal U.S. exports include:
• Chemicals
• Agricultural products
• Consumer durables
• Computer software and services
• Aircraft-Boeing
The United States provides about 8.5 percent
world’s exports.
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