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Question: U.S has faced a negative trade balance (Trade Deficit) since 1990's. Is Trade Deficit necessarily bad? Is Trade Surplus necessarily good? President Donald Tramp proposed to re-negotiate North American Trade Agreement (NAFTA) and recently he withdrew U.S. from Trans-Pacific Partnership (TTP) trade deal. Do you think the U.S. withdrawal from TTP and the renegotiation effort on NAFTA will help U.S to reduce the trade deficit? You may take a look the following video to get the basic understanding of NAFTA and TTP. Please support your discussion points with the valid arguments and examples. Don't forget to acknowledge the sources of your arguments/points.

https://www.bing.com/videos/search?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92587003

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