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International Trade
International trade or world trade affects the entire American economy. The early industrial years of American the economy was based entirely on the exporting goods to other countries, and these exports created the revenue need to sustain the country. America would export more products than it needed this created a surplus in the GDP. This began to change in the 1930?s when the trade began to change and the country began to import more products. This downward trend led the GDP its lowest point in history. In today?s world trade market America?s import percentage is somewhere in the mid-60%. The balance of trade in America today is running in a deficit.
The U.S. government has created trade agreements the various countries that allow free trade between these countries. This means there are no tariffs, fees or taxes applied toward the good being imported or exported between the countries in the agreement. These countries include Mexico and Canada that create the......

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Approximate Word Count: 369
Approximate Pages: 2 (250 words per double-spaced page)

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