By Catherine Yang U.S. President Donald Trump is in Gyeongju, South Korea, hours away from capping off his busy Asia tour with a high-stakes meeting with Chinese Communist Party (CCP) leader Xi Jinping on Oct. 30. The two leaders will sit down at 11 a.m. for a meeting that could last up to two hours […]
Tag: Trade
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.
