ll.5 Application: U.S. Trading Partners by Maahi Thakkar https://padlet.com/maahimaahifish/94a81d0o8pfuea1g Maahi Thakkar en-us 2023-06-28 17:39:45 UTC 2023-06-29 01:51:47 UTC hello@padlet.com https://media1.giphy.com/media/U4FkC2VqpeNRHjTDQ5/giphy.gif What are the current exchange rates for each country? maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502298 1 US Dollar= 144.23 Japanese Yen]]> 2023-06-28 17:41:47 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502298 What are the current exchange rates for each country? maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502354 1 US Dollar= 82.02 Indian Rupee]]> 2023-06-28 17:41:53 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502354 What are the top 3 things that the U.S. exports to each country? maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502482 1. Stones & Metals (Diamonds, Gold, Silver)
2. Machinery
3. Mineral Fuel & Oil]]> 2023-06-28 17:42:13 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502482 What are the top 3 things that the U.S. imports from each country? maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502610 1. Pharmaceuticals
2. Stones & Metals
3. Machinery]]> 2023-06-28 17:42:33 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502610 What are the top 3 things that the U.S. imports from each country? maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502681 1. Vehicles
2. Machinery
3. Optical & Medical Instruments]]> 2023-06-28 17:42:44 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502681 What are the top 3 things that the U.S. exports to each country? maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502732 1. Machinery
2. Aircraft & Aircraft Parts
3. Mineral Fuels & Oil]]> 2023-06-28 17:42:52 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502732 Does the U.S. trade any services with each country? maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502847 Yes, the United States engages in trade of services with India. The United States and India have a significant bilateral trade relationship in services, with exchanges in areas like software development, IT services, business process outsourcing, and professional services.]]> 2023-06-28 17:43:09 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502847 Does the U.S. trade any services with each country? maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502872 Yes, the United States engages in a significant trade of services with Japan. Services trade between the two countries encompasses financial services, professional services, telecommunications, information technology, travel and tourism.]]> 2023-06-28 17:43:12 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502872 Can you provide examples of comparative advantages that each country has in producing specific products? maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502940
India has a comparative advantage in sectors, such as telecommunications, computer, and information services and other business services.]]> 2023-06-28 17:43:23 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502940 Can you provide examples of comparative advantages that each country has in producing specific products? maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502966 Japan has a comparative advantage in producing cars because it has a lower opportunity cost in terms of grain given up. The United States has an advantage in producing grain, since it has a lower opportunity cost in terms of cars given up.]]> 2023-06-28 17:43:27 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634502966 Does the United States have a trade deficit or trade surplus with these countries? Why do you think that is? maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634503077 As of 2021, the United States has had a trade deficit with India. A trade deficit occurs when a country's imports from another country exceed its exports to that country. ]]> 2023-06-28 17:43:44 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634503077 Does the United States have a trade deficit or trade surplus with Japan? Why do you think that is? maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634503139 The United States has had a trade deficit with Japan for several years. The United States has historically imported more goods from Japan than it exports to Japan, resulting in a trade deficit.]]> 2023-06-28 17:43:51 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634503139 What has been the trend in the balance of trade with each country in the past 5 years? (ex. Increasing trade deficit, surplus to deficit, increasing surplus, etc.) maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634503242 It has been a trade deficit in the past 5 years due to India exporting more goods than the United States.]]> 2023-06-28 17:44:06 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634503242 What has been the trend in the balance of trade with each country in the past 5 years? (ex. Increasing trade deficit, surplus to deficit, increasing surplus, etc.) maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634503280 The trend in the balance of trade with Japan has been somewhat of a deficit to a surplus in the past 5 years. It is still a deficit however less of a deficit.]]> 2023-06-28 17:44:10 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634503280 Does the U.S. have any trade agreements with India? If so, provide the name and date the agreements were signed. maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634503420 Yes, the United States has a trade agreement with India. The agreement is called the United States-India Trade and Investment Framework Agreement (TIFA). It was signed on December 2, 1999, and serves as a platform for the United States and India to discuss and resolve trade and investment issues.]]> 2023-06-28 17:44:21 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634503420 Does the U.S. have any trade agreements with these countries? If so, provide the name and date the agreements were signed. maahimaahifish https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634503446 Yes, the United States has a trade agreement with Japan. The agreement is called the U.S.-Japan Trade Agreement and was signed on October 7, 2019. The agreement aims to promote mutually beneficial trade between the two countries by addressing various areas such as agriculture, industrial goods, and digital trade.]]> 2023-06-28 17:44:25 UTC https://padlet.com/maahimaahifish/94a81d0o8pfuea1g/wish/2634503446