Sign In
Not register? Register Now!
Essay Available:
1 page/≈275 words
1 Source
Mathematics & Economics
Research Paper
English (U.S.)
MS Word
Total cost:
$ 5.18

The Source of Trade Imbalances (Research Paper Sample)


The Source of Trade Imbalances

President Donald Trump of the US believes that the US trade deficit, which in 2018 was nearly $US 880 billion, is a product of tariff barriers and restrictive market access facing US firms.  Of this deficit, approximately half was with China.   Although there is some truth to the fact that US firms (and firms from other countries for that matter) are facing restrictive market access in China, the source of the huge US trade deficit likely likes elsewhere.

Below is a link to an article in the NY Time that explores the issue.  In this final writing assignment, I would like you to summarize the argument Neil Irwin makes in his piece.  I would also like for you to connect his argument to our discussions earlier in the course.

You are limited to a single page.  Feel free to consult other sources if you want. 


The Source of Trade Imbalances
Student’s Name
Institutional Affiliation
The Source of Trade Imbalances

Neil Irwin makes interesting points regarding trade deficit. Irwin attempts to demystify the ever-growing $500 billion annual trade deficit that the US runs into annually. Irwin defines trade deficit a situation in which the value of a country’s imports exceed that of its exports. First, Irwin (2014) argues that trade deficits cannot conclusively be designated as good or bad. That can only be done after consideration of various circumstances.

Irwin (2014) notes the big correlation between trade deficit, savings and investment. Other investment and savings decisions unrelated to trade between two countries can have an effect on trade deficit as well. Irwin posits that giving massive tax cuts lowers budget deficit and eventually the country’s savings rate thus leasing to an increase in trade deficit. With less va

Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

You Might Also Like Other Topics Related to donald trump:

  • President Trump’s 2019 Speech to Congress. Social Sciences Essay
    Description: President Trump’s Speech during the State of the Union address highlighted more on his policies more than his success. The function of the state of the union address to congress is to give recommendations on policies rather than statistics on success factor. Some of the policies and recommendations...
    1 page/≈275 words | 1 Source | APA | Social Sciences | Essay |
  • Writing About Human-Centered Design
    Description: Human-centered design refers to an approach which is used in creating solutions for problems by focusing on the needs and emotions of the individuals whom the solution is intended to serve. ...
    7 pages/≈1925 words | 4 Sources | Chicago | Visual & Performing Arts | Essay |
  • The Nature and Extent of Trade between the US and China
    Description: As the biggest economies of the world, good China and the United States’ relations are important in attaining global stability and development. Current trade deadlocks between the two countries require concerted efforts in research and analysis to find ways of strengthening bilateral trade ties....
    8 pages/≈2200 words | 5 Sources | APA | Mathematics & Economics | Research Paper |