The United States of America
What is are EXPORT AND IMPORT trades for this country (or a number of trades)?
More than two-thirds of the United States’ exports are material goods. The other third is made up of capital goods (used to produce other other goods for a company). Some of these exported products include crude oil, kerosene, propane, pharmaceuticals, cell phones, gem diamonds, automobiles and food, feeds and beverages. Majority of these exports go to countries like Canada (19%), Mexico (14%), China (7%) and Japan (4.5%). - Figures estimates as of 2012. (EIA, 2014) (Wikipedia, 2014)
The biggest import for the U.S is industrial machinery and equipment, of which nearly half is crude oil. In addition to this are imports of fuel oil ($46 billion), petroleum products ($50 billion) and natural gas ($9 billion). Other large industrial imports are iron and steel products ($30 billion), chemicals ($25 billion), fertilizers ($16 billion). There are also many other miscellaneous imports.
The United States imports more than it exports, and this creates a trade deficit of five hundred and forty billion dollars. Even though America exports billions of dollars in oil, consumer goods and automotive products, it imports more even more. (About.com, 2013)
At what age is a person expected to work in this country?
The minimum working age in the U.S varies depending on the age of the individual in correlation with the job and skills involved. As a general rule the Fair Labor Standards
Commodities account for 57% of the value of total exports, so that a downturn in world commodity prices can have a big impact on the economy. The government is pushing for increased exports
In 2004 according to a report America’s imported as much as Japan, Germany, China and India combined.
* In terms of both exports and imports which country is the number one trading partner with the U.S?
There are many ethical dilemmas that occur daily in our hospitals across the world. Not everyone agrees with standards and policies that are required in hospitals or even with the law. If not everyone obeys the law, ethical cases form. In Springfield, Missouri, a holistic nurse got fired for fighting against Cox South hospital policies. Carla Brock has been a nurse at Cox South hospital and not only refused the flu shot, but also refused to wear a mask. She refused due to religious beliefs, she gets short of breath while wearing the mask, and she feels the mask is meant to intimidate and humiliate those who refuse the shot. The ethical question in this case study is to decide if Carla should have been fired for not wearing a mask after refusing the flu shot and what are other potential proposals. The four-way method will separate out what are the truths, consequences, fairness, and character, of this ethical case study.
Australia and China are two countries located in the southern and northern hemispheres respectively. They are both very important and major international exporters across the globe. Australian exports reached an all time high of A$29,970 million in February of 2014, this is a gain of A$120 million from the previous year. Australia’s natural resources are one of its main exports as Australia is so rich in its natural resources such as bauxite, coal, copper, tin, gold, iron ore, silver, uranium, tungsten, nickel, lead, zinc, diamonds, mineral sands, natural gas and petroleum.
States trades all over the world. In February of 2016 exports alone were $178 billion. Not surprisingly
Every great invention gets replaced eventually. Ideas get forgotten, technology improves, needs change. However, the Transcontinental Railroad, and other railroads, still carry millions of tons of goods each year. In 2014, 100.1 million tons of coal, 64.6 million tons of intermodal, and 64.4 millions tons of farm and food supplies were exported to other countries. In total, 329 million tons of export products were shipped.
imports and exports foreign and domestic goods every day. As I have stated before this is
The U.S. and Mexico conduct $1.6 billion a day in cross-border trade Mexico. The two countries cooperate on everything from migration to anti-drug enforcement and environmental issues. Mexico sends 80 percent of its exports to the U.S.
Their exports have decreased at a rate of 12% per year for the last 5 years (Simones). About 95% of their exports are fuels and mining products in 2015, with the other 5% being composed of agricultural and ag related materials (Venezuela). The largest of their exports is crude petroleum, followed by refined petroleum (Simones). Their top agricultural related exports were raw hides, beer made from malt, cocoa beans, alcohol and vegetable fats and oils. Their main non-agricultural related exports were petroleum oils, acylic alcohols, iron ore concentrates and ferrous products (Venezuela). Considering Venezuela had general merchandise exports of $36.9B in 2015, versus $36.4B in imports, they have a positive trade balance (Simones). It is worth noting, however, that both imports and exports have both decreased compared to 2014 number of $74.3B in exports and 47.4B in imports. The main places Venezuela exports to are the United States at 43%, followed by China at 18%, India at 17% and other countries making up the remaining 22%. The main services that are considered service exports are transport at 46.3%, travel at 37.9% and the other 15.6% fall into the other
The major goods and services traded between Mexico and the US are agricultural products and US exports of private commercial services. These to go major goods are imported and exported between US and Mexico. According to USTR.gov, "United States goods and private services with Mexico totaled an estimated $536 billion in 2012. Would exports totaled 243 billion! Imports totaled $293 billion. The total US goods and services trade deficit with Mexico was $49 billion into thousand and 12. "Since US and Mexico our neighboring countries, most of the important export come at a better value priced tag for consumers since shipping cost is much lower than other trading partners such as China and Europe. Trade in private services with Mexico (based
A few of the imports we receive from Mexico are avocados, tomatoes, sugar, and tequila (ustr). Trade is not a one-way street, and by increasing taxes on the roughly 20 billion dollars in agricultural imports the U.S. receives from Mexico, America is left vulnerable to a trade war with Mexico. In 2009, Mexico put retaliatory tariffs in place over a trucking dispute with America (src). If America destroys their relationship with Mexico there is much to be lost.
The vast majority (about three fourths) of our trade deficit in manufactured goods is caused by imbalanced trade flows with Asia, as shown in Figure 2. The deficits with Asia are large and rapidly growing, despite very high rates of growth in the region until 1997. Europe and NAFTA were each responsible for about 13% of the deficit in 1998. The U.S. ran a small surplus with the other countries in the Western Hemisphere, and with the rest of the world, in this period. http://www.epi.org/content.cfm/webfeatures_viewpoints_tradetestimony
As we know US went from being a net exporter to a net importer in a short span of time. Currently US economy is strong but with lots of debt. These changes in trade gap and debt were caused basically due to other developing nations coming up with low cost manufacturing system and thus US ended importing products from other countries. Also many US manufacturers moved their factories abroad due to cheap labor and other services. Some companies are considering reshoring and bringing at least some part of the process back to US as labor cost and other services are rising in other countries. This paper gives a detailed account of all the factors
Since South Korea is not a large country, the economic gains from this trade were not intended on being large. As stated above, this agreement was expected to increase United States exports to $10 to $11 billion a year. Overall, only three percent of United States trade happens with South Korea. Among that three percent, there are products that are a huge impact on the United States exports. Korea was the United States’ 7th largest goods export market in 2016 (1). United States exports offer attributes that South Korean consumers want, which is low price, high quality, convenience and attractive packaging.