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Essay describes the Economic causes and effects of the current US trade defecit on the lives of americans short term and long term(2004)
U.S. Trade Deficit
Since World War II, The United States established agreements with nations across the world to eliminate barriers to international trade and investment. The benefits of free trade had opened up for the American public, and this was reflected in a long string of years when U.S exports exceeded imports. With the devastating effects of war on the rest of the world, the U.S had no fear of international competition, and much to benefit from free trade. However positive the situation was looked for the U.S., after 1970 imports began exceeding exports, meaning the U.S. had tra…
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