How To Write An Eco 372 International Trade Speech
International Trade and Finance Speech
Tracy Welle
ECO/372
September 7, 2013
Paul Updike
International Trade and Finance Speech The United States is known for its international trade. International trade allows the United States exchange goods and services. International trade plays an important role in the United States economy. A topic to cover is how imports and exports have an effect on businesses and consumers. The speech will cover the effects of international trade to GDP (Gross Domestic Product), domestic markets, and university students. This speech will also cover how government choices in tariffs and quotas affect international relations and trade, what foreign exchange rates are and how to determine it, and why goods from China are not restricted and why the United States do not minimize amount of imports from other countries.
Surplus of Imports Brought into the United States …show more content…
When there is a surplus of imported goods in the United States, it causes the price or that product to fall. According to “Amadeo” (2013), “Automotive is a category where the United States ran a trade deficit in 2012. It imported $298 billion worth of cars, trucks and auto parts, while only exporting $146 billion, running a deficit of $152 billion” (Consumer Products and Autos Contribute to the Deficit). A company that has a high amount of surplus means the company is making money allowing it to invest the surplus in new services, employees and other needs the company have (Hamel, 2013). A surplus can cause businesses to increase prices causing consumers with a less surplus to not buy its products. Surplus can cause businesses to increase or decrease product prices that affect consumers’ ability to make a
Tracy Welle
ECO/372
September 7, 2013
Paul Updike
International Trade and Finance Speech The United States is known for its international trade. International trade allows the United States exchange goods and services. International trade plays an important role in the United States economy. A topic to cover is how imports and exports have an effect on businesses and consumers. The speech will cover the effects of international trade to GDP (Gross Domestic Product), domestic markets, and university students. This speech will also cover how government choices in tariffs and quotas affect international relations and trade, what foreign exchange rates are and how to determine it, and why goods from China are not restricted and why the United States do not minimize amount of imports from other countries.
Surplus of Imports Brought into the United States …show more content…
When there is a surplus of imported goods in the United States, it causes the price or that product to fall. According to “Amadeo” (2013), “Automotive is a category where the United States ran a trade deficit in 2012. It imported $298 billion worth of cars, trucks and auto parts, while only exporting $146 billion, running a deficit of $152 billion” (Consumer Products and Autos Contribute to the Deficit). A company that has a high amount of surplus means the company is making money allowing it to invest the surplus in new services, employees and other needs the company have (Hamel, 2013). A surplus can cause businesses to increase prices causing consumers with a less surplus to not buy its products. Surplus can cause businesses to increase or decrease product prices that affect consumers’ ability to make a