Favorable
does Tariffs protect American jobs and wages.
Let us first define what is the Balance of Trade (BOT). BOT is the difference between export earnings and import expenditure. Accordingly it called unfavorable balance of trade when the amount realized from physical (or tangible or visible) exports is less than the amount spent on physical imports, otherwise it is called 'favorable' Balance of Trade.
Trade deficit, rising oil prices, declining value of the US dollar, and the war on terrorism are all factors of the economy.
Nation 'X' buys ten dollars from Nation 'Y' and sells 'Y' ten dollars of good equals a balance in trade. Nation 'X' sells ten dollars in goods and services to Nations 'Y' and 'Z' and in turn buys ten dollars with that money from Nations 'P', 'Q' and 'R' and Nation 'X' still has a balance in trade. It is only when 'X' buys more then it sells or sells more then it buys that the trade balance is out of balance. The US is currently suffering an imbalance because it has reduced production and industrial capacity of goods desired overseas and must import petroleum at higher and higer prices. This practice make US Dollars less valuable to hold. It is a vicious cycle. US intellectual property is still exported at a profit. There it is copied and used without license and in turn it has lost its value. Raw materials and the companies that own them are being bought up by foreign nations. It amounts to a drain on US wealth and the loss of the American Dream.
Favorable
NO, US$16.8 billion in 2008
You mean against the United States or between them? Mexican-Canadian trade balance usually favors Canada; in the case of US-Canadian and US-Mexican trade balance, it usually favors both Canada and Mexico.
does Tariffs protect American jobs and wages.
Let us first define what is the Balance of Trade (BOT). BOT is the difference between export earnings and import expenditure. Accordingly it called unfavorable balance of trade when the amount realized from physical (or tangible or visible) exports is less than the amount spent on physical imports, otherwise it is called 'favorable' Balance of Trade.
no
It became positive and grew exponentially. From a small negative balance of USD 1.66 billion in 1993 (bilateral trade amounted for 81.49 billion), nowadays it has a positive trade balance of 54.45 billion, and bilateral trade is 506.61 billion.
The balance of trade deficit occurs only on the imports of goods and services and income receipts from foreign countries.
If you take Mexico out of the equation, balance would be positive by about US$ 11.4 billion. This is because trade with Mexico is larger that the trade with the rest of all Latin America combined:US-Central and South America Trade (2012):exports: US$ 183,187.8 millionimports: US$ 171,780.5 millionbalance: US$ 11,407.3 millionUS-Mexico Trade (2012)exports: US$ 215,931.2 millionimports: US$ 277,569.8 millionbalance: US$ -61,638.6 million
It's called the balance of trade. Right now the US has a negative balance of trade with the rest of the world because we buy more goods (oil, Chinese imports, etc.) than we sell or export.
You need to answer this question since it asks you what you would do not us. We don’t do homework.
Trade deficit, rising oil prices, declining value of the US dollar, and the war on terrorism are all factors of the economy.