The United States Foreign Trade Policies

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United States foreign policy has faced critics from the balance of national security issues. It was deemed essential to oversee some trade policies that the government has enacted. This is due to one reason that the foreign policies are facing ridicule and that is the fact that countries met divisive decisions. It was because of such divisions that trillions of dollars have been lost as the policies prevent the states from investing in the rest of the world. Research has had it that the United States enacted the policies to gain trade advantages and rapid growth. However, it is stipulated that the countries made an error as they indulged themselves too much in American policy disputes rendering them to be the victims.

The reason behind the statement is that Washington can no longer hold unfair trade policies, an upsurge in foreign debt, and a drag in its economic stature. Since the United States began getting large deficits in goods and services back in the year 1980, its losses have added up to 11 trillion dollars. At the first quarter of 2018, the United States has piled up to 7.9 trillion dollars in foreign debt. It is time for the state to revise its international trade policies or else it will be crawling on its knees in the end.

Because of ignoring the trade policies, other competitors like Germany, Japan, and China are on the constant economic rise as a result of favorable trade policies. As from this year and the coming year, the United States Treasury is expected to transfer over 1.2 trillion dollars debt facilitators that balance the gross domestic product. Such numbers shall arise after there would be a shortage in the budget with percentages going up to seven percent of GDP. Furthermore, the increasing deficits in trade operations should be a revelation to the theory of trade problems instigate national security matters. The board further considered looking into past occasions in search of previous similar cases.

In August 1971, the United States decided to stop dollar exchange for gold. It was a common practice especially to the countries with dollar-dominated trade surpluses. France became the first country to reserve the dollar for the gold back in February 1965. It went for a whopping 35.5 dollars per ounce of pure gold. In November 1975, the G-6 conference was organized with the venue being France; the leaders of France and Germany arranged it.

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