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  2. Import - Wikipedia

    en.wikipedia.org/wiki/Import

    In a direct-import program, the retailer bypasses the local supplier (colloquial: "middle-man") and buys the final product directly from the manufacturer, possibly saving in added cost data on the value of imports and their quantities often broken down by detailed lists of products are available in statistical collections on international trade ...

  3. Trump Tariffs Could Impact Imports From Mexico, Canada, China

    www.aol.com/trump-tariffs-could-impact-imports...

    The U.S. also gets foods like meat and fish from Mexico, according to Sharyn O’Halloran, professor of political economy at Columbia University, and Trump’s tariffs could drive up those prices too.

  4. Trade barrier - Wikipedia

    en.wikipedia.org/wiki/Trade_barrier

    According to the theory of comparative advantage, trade barriers are detrimental to the world economy and decrease overall economic efficiency. Most trade barriers work on the same principle: the imposition of some sort of cost (money, time, bureaucracy, quota) on trade that raises the price or availability of the traded products.

  5. Terms of trade - Wikipedia

    en.wikipedia.org/wiki/Terms_of_trade

    Terms of trade (TOT) is a measure of how much imports an economy can get for a unit of exported goods. For example, if an economy is only exporting apples and only importing oranges, then the terms of trade are simply the price of apples divided by the price of oranges — in other words, how many oranges can be obtained for a unit of apples.

  6. Foreign trade of the United States - Wikipedia

    en.wikipedia.org/wiki/Foreign_trade_of_the...

    The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...

  7. Trump vows 25% tariff on imports from Mexico, Canada: What ...

    www.aol.com/trump-vows-25-tariff-imports...

    Economic theory generally shows higher trade barriers raise consumer prices and negatively impact economic output and income, according to the Tax Foundation, a nonpartisan tax policy nonprofit.

  8. Balance of trade - Wikipedia

    en.wikipedia.org/wiki/Balance_of_trade

    If exports exceed imports, it is sometimes called a favourable balance of trade. Includes all those visible and invisible items exported from and imported into the country in addition to exports and imports of merchandise. Includes revenues received or paid on account of imports and exports of merchandise. It shows only revenue items.

  9. Economic globalization - Wikipedia

    en.wikipedia.org/wiki/Economic_globalization

    Economic globalization refers to the widespread international movement of goods, capital, services, technology and information. It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital ...

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