Global trade and economics go hand in hand.
Trade Flow: Countries share goods and services with one another, which helps their economies grow. For example, the U.S. sends machinery to China and also gets electronics in return.
Economic Policies: Rules like tariffs and trade deals help determine who can compete better in the market. One important trade agreement is called NAFTA, which helped boost trade between the U.S., Canada, and Mexico.
Global Supply Chains: Making products often happens in different parts of the world. This means countries depend on each other. For instance, a smartphone might be designed in the U.S., made in China, and then put together in Vietnam.
In the end, having strong global trade improves relationships between countries and helps keep economies stable.
Global trade and economics go hand in hand.
Trade Flow: Countries share goods and services with one another, which helps their economies grow. For example, the U.S. sends machinery to China and also gets electronics in return.
Economic Policies: Rules like tariffs and trade deals help determine who can compete better in the market. One important trade agreement is called NAFTA, which helped boost trade between the U.S., Canada, and Mexico.
Global Supply Chains: Making products often happens in different parts of the world. This means countries depend on each other. For instance, a smartphone might be designed in the U.S., made in China, and then put together in Vietnam.
In the end, having strong global trade improves relationships between countries and helps keep economies stable.