Gross Domestic Products

Good Morning Everyone,

I stand before you today to speak about the international trading and foreign exchange rates and how they affect the United States. It is no secret that daily there are many deliveries of imports that come from a wide range of countries. In an effort to avoid loss, the government will put a limit on the cost of goods. One example is that of an import of sneakers. If manufactures bring their sneakers to the United States from other countries, there would be an excess of sneakers. If the supply is higher than that of the demand it is known as an "excess" in our country. As excess of goods accumulate the fear of shortage becomes evident. With loss of funds to a supplier, the availability to produce more sneakers will lessen. This is due in part to the fall of the GDP.

Gross Domestic Products (GPD) is known as a measure of total output of goods and services. Gross Domestic Products can affect the international trade because of the number of goods and services. The import goods and services into the United States is that of oil, bananas, clothes, and automobiles. Each export comes from countries like Japan, China, and Germany. With the rise of imports, so does the rise of our GDP. This rise allows the United States to provide our products to other countries increasing market growth. The international trade provides much needed goods and services to the United States. Unfortunally, with the good, comes the bad. The competition of prices and manufacturing allow goods and services to be available for lower price for the domestic customers.

Trade plays a positive outlook concerning the focus and attention that manufactures instill. For any individual no matter the profession goods and services come into play. Individuals such as teachers or doctor's one can exchange their needs with other nations. With the positives, comes the negatives about the exchange and trade. With any import and export, the government needs to limit the import goods and services and force tax in the form of quota or tariffs. This in turn adds to the cost of the import goods.

To help protect the growth and development of the economy, tariffs prices of products rise. With this rise, imports reduce. Tariffs not only protect's the economy but also domestic employment, retaliation, national security, and domestic customers. Without tariffs, the United States would experience trouble in higher competition, employee layoffs, and the shifting of manufacturing plants. International trade deeply affects tariffs by increasing the prices of transactions and emerge several nations to help in the control of importing products. Some believe that these imports are harmful for the economy. A quota needs to take place in order for prices of goods import from other countries to increase, while decreasing the competition.

As we buy and sell goods from other countries,