FYI: Since 1950, global trade has grown by more than 27 times as a result of open-trade policies and technological change such as declining transportation costs.1 Today, the United States and China top the list of the world’s leading trading nations with about $5 trillion in annual trade, accounting for 30% of the world’s exchange of goods and services. Free trade, however, has come under scrutiny globally because of significant job losses in certain sectors and increasing economic inequality. In the United States, much attention has been placed on the country’s growing trade deficit, with a focus on its top three trading partners—China, Mexico, and Canada. The inability, however, of news headlines to convey the complexity of U.S. trade has led to many misconceptions.
Regards,
Ted
http://www.etf.com/sections/etf-industry-perspective/vanguard-what-your-clients-need-know-about-trade-deficitsFRBR: Should We Worry about Trade Imbalances:
https://www.scribd.com/document/362401147/eb-17-10#from_embed
