By Jack Phillips Several former military officials said that the United States could face significant shortfalls if there is ever a conflict with the Chinese regime over Taiwan, coming as U.S. military jets shot down a Chinese spy balloon that drifted across the United States. “Unfortunately, talking broadly and in overall terms, the Chinese have dramatically increased […]
Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties. Trade can take place within an economy between producers and consumers. International trade allows countries to expand markets for both goods and services that otherwise may not have been available to it. As a result of international trade, the market contains greater competition and therefore, more competitive prices, which brings a cheaper product home to the consumer.