Financial Focus: Trade War or Taken to the Cleaners?
So what is all this talk about a trade war? We’ll tax China and Canada, Trump says. Other countries want to tax America? What is international trade? What does it mean to our economy? The” balance of trade” is the difference between the value of a country’s imports and exports for a given period. The balance of trade (BOT) is the largest component of a country’s balance of payments. Economists use the BOT to measure the relative strength of a country’s economy. The balance of trade is also referred to as the trade balance or the international trade balance. The balance of trade, commercial balance, or net
