Trades & Policies

A country trades goods and services with foreign countries to exploit comparative market advantages and cost-and-environment benefits. What has U.S gained from international trades?

1. Buying cheaper foreign-made products and services
2. Abundant resources that are limited or higher cost in U.S.
3. Diverse and lower-cost labor and talent pools
4. Providing economic values and aids to foreign countries
5. Exploring profits from financial transactions, investment portfolios and services
6. Stabilizing foreign economic growth with export solutions to U.S. market
7. Narrowing gaps of education, business practices, accounting and R&D management
8. Creating the global supply chain that connects developing and emerging economies to U.S. economy 
9. Proliferating modern and innovative business values to foreign industries 

Policies are designed and used to support specific trade actions and activities that can help U.S. economy grow, American consumers have jobs, business firms earn more overseas sales revenues, U.S. tourist industry serve more foreign tourists, U.S. schools welcome more foreign students, U.S. tech and innovative corporations export more products, and U.S. government reinforce bilateral trade and friendship with foreign governments.