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Theu00a0Us Trade Datau00a0is the difference between the value of what we import and the value that we export. As a nation, we spend our money foolishly on things like cars and clothing when they are no longer in demand, but instead sit idly by while our trading partners drive our economy to huge economic deficits.<br>
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The US trade data is the difference between the value of what we import and the value that we export. As a nation, we spend our money foolishly on things like cars and clothing when they are no longer in demand, but instead sit idly by while our trading partners drive our economy to huge economic deficits. It is time to stop messing around with the values of the currencies of other nations. We must learn to play nice and give back the money that has been stolen from us. What is strange is that our political leadership claims to be champions of free trade agreements. President Obama made a speech recently about how we need to have free trade agreements. However, he also talked about how we need to create more jobs for the American people. Apparently, he thinks that if we have more exports, then we will have more consumers and thus more jobs.
The effect of increasing value of imports and exports That's all fine, except the reality of his thoughts was flawed. Because of the increasing value of our imports and exports, our national debt has steadily increased while our domestic assets have decreased. So, our current system of foreign trade really doesn't make sense. Our politicians are more interested in increasing the amount of imports than in creating more domestic goods. The result is a disastrous situation. Worse, it could lead to hyperinflation. So, instead of looking at the US/international trade agreements and pretending that they are beneficial to us, why not look at the facts. If we want to improve our national wealth, we need to cut domestic spending. We cannot continue to run massive deficits by importing products from other countries while allowing our own domestic companies to do the same.
How to re-balance trade in order to improve prospects? In order to improve our prospects, we have to re-balance our trade. We must reduce our deficits and increase our exports. The best way to do this is through re-balancing the US economy through an increase in exports and imports. In addition to reducing our trade deficit, we should also increase our Maritime imports to help our nation become less dependent on foreign oil and reduce our dependence on foreign shipping. The US should become an exporter of good things - particularly good things from our natural resources. But how can we do this? What can we do to successfully re-balance the US economy and get the US once again on the right track to becoming a world leader when it comes to exports and imports? The best way is to implement the changes that are suggested in this latest US trade report. These include:
The introduction of a new policy of rewarding exports for timely and consistent export performance against imports will certainly encourage US exporters to put more effort into building good relationships with their customers. At the same time, the strengthened and enhanced security of the Visa Waiver Program will help our companies to procure non-monetary obligations from overseas customers easier and faster. Finally, to ensure that the US does not become a major currency renter, we should continue to work hard at increasing the openness of the monetary union and implementing policies that make it more attractive to invest.
What to do when you don’t see any recovery in the market? As we have seen from the US trade deficit report, the current trend is not pointing to a recovery. The global economic outlook remains gloomy and the continued rise of the Chinese economy, the European Central Bank's efforts to control its national debt, and the instability of the US dollar continue to have a negative effect on our national gross domestic product. In order to strengthen the US economy, these problems must be addressed and solved. The best way to do that is to increase the investment in infrastructure, improve the overall efficiency of the internal trade processes, and invest more in creating domestic growth engines that generate more jobs, more income, and more wealth. Only then will the US be able to bring itself out of the doldrums it is currently experiencing. These US trade data can be used in a great way to boost the growth of your business and imports and exports. One can easily access the US trade data from online websites like importkey.com.
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