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If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus. The notion that bilateral trade deficits are per se ...
Measures to promote a trade surplus (such as tariffs) were generally favored. The prevailing orthodoxy of the mercantilist age was the (now discredited) notion that the accumulation of foreign exchange or, at that time, precious metals, made countries wealthier, and so countries favored exporting their own goods to run balance of payments ...
A measure of total gains from trade is the sum of consumer surplus and producer profits or, more roughly, the increased output from specialization in production with resulting trade. [8] Gains from trade may also refer to net benefits to a country from lowering barriers to trade such as tariffs on imports. [9]
The country could partly offset its large trade surplus by boosting its imports from the U.S., including possibly liquefied natural gas (LNG), drugs and airplanes, officials have said.
The EU’s trade surplus with the U.S. rose to a record high of €43.6 billion ($47.3 billion) in the first quarter of 2024, official data shows. The 27% jump from the same period last year ...
Sterilization was used by the US and France in the 1920s and 1930s, initially with some success as they built up huge hoards of gold, but by the early 1930s it had contributed to a collapse in international trade that was harmful for the global economy and especially for the surplus nations. [11] [12]
Vietnam's large trade surplus with the United States may reignite tensions with Washington in the event of a second Trump presidency, analysts warned, as exports of solar panels and other ...
Over the long run, nations with trade surpluses tend also to have a savings surplus. The U.S. generally has developed lower savings rates than its trading partners, which have tended to have trade surpluses. Germany, France, Japan, and Canada have maintained higher savings rates than the U.S. over the long run. [2]