Understanding trade balances
Trade policy discourse on both sides of the Atlantic has recently focused on trade deficits and surpluses. In the United States (US), President Donald Trump has routinely referred to the US trade deficit as a central indicator of the country's economic woes and made its reduction a key objective of US trade policy. In Europe, the world's largest trade surplus, run by Germany, has come under scrutiny. However, focusing on trade balances of exports and imports can be misleading in the trade policy context. Trade balances need to be considered as an integral part of a larger whole, the balance of payments of an economy. The imposition of specific trade policy measures, such as unilateral tariffs, cannot be expected to improve a trade balance significantly.
In sintesi
Informazioni sul documento
Tipo di pubblicazione
Autore
Settore di intervento
Parole chiave
- America
- bilancia commerciale
- commercio
- commercio internazionale
- contabilità nazionale
- ECONOMIA
- esportazione (UE)
- Europa
- FINANZE
- GEOGRAFIA
- geografia economica
- geografia politica
- Germania
- importazione (UE)
- liberalizzazione degli scambi
- politica commerciale
- politica commerciale
- politica commerciale comune
- politica internazionale
- prodotto interno lordo
- RELAZIONI INTERNAZIONALI
- relazioni monetarie
- relazioni transatlantiche
- SCAMBI ECONOMICI E COMMERCIALI
- Stati Uniti