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Showing posts from March, 2023

BILATERAL TRADE BETWEEN THE TWO SUPERPOWERS OF THE WORLD – THE UNITED STATES AND RUSSIA

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  GROUND REALITY OF THE RELATIONS BETWEEN THE UNITED STATES AND RUSSIA The United States and Russia have one of the most important foreign relations with each other. This relationship is the most critical and strategic relationship in the world. Both nations share and follow the same perspective and thought process toward nuclear security and safety, followed by counterterrorism and nonproliferation. Based on the reports released in the year 2015, the total exports from the US to Russia have generated jobs for almost 66 thousand people. The trade relations between the countries are also strong. According to the reports, the total trade that happened between the US and Russia in 2019 totaled approximately USD 35 billion. Exports from the US as per US Export Data were close to USD 11 billion and on the other hand, the US Import Data showed a figure of USD 13.1 billion. Based on the US Export Data for the year 2019, Russia was considered the 40 th biggest export partner of t...

WHAT SCARES THE UNITED STATES THE MOST IN THE YEAR 2023?

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You would be thinking that after being a superpower, what thing on this earth is scaring the United States these days? Trust us that the thing which is creating stress in the minds of the US officials is none other than the widening of the trade deficit that is increasing every year and creating a large trade deficit in the nation. You would be thinking that what adverse effects can this deficit create in the nation. So today, we are going to update you with the current scenario of the economic condition of the US followed by the harmful or adverse effects that are caused due to this trade deficit. LATEST TRADE DATA REPORT OF THE UNITED STATES Based on the information received from the US Trade Data for the month of January 2023, the trade deficit of the country has widened due to a drastic rise in the Imports and exports to and from the nation. The Commerce department of the US recently released its statement that mentioned that in January the trade deficit took a jump by 1.6% an...

MAJOR IMPORTS OF THE UNITED STATES – DETAILED REPORT ANALYSIS

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MAJOR IMPORTS OF THE UNITED STATES – DETAILED REPORT ANALYSIS FOREIGN MARKET OF THE UNITED STATES AT A GLANCE Like other countries, the foreign trade of the United States comprises two primary activities that are performed by the traders and marketers of the world – Imports and exports of goods and services to and from the country. just the difference is that the United States stands among the top 3 nations that have the largest trade figures in any fiscal year. The culture and trend of international trade is embedded in the mind of the US Congress for many years now. After the progression of the great depression, the US didn’t look back and focused on increasing its foreign ties with almost all the nations of the world and signed a number of documents and agreements like the General Agreement on Tariffs and Trade, Free trade Agreements, etc. Currently, the trade relations of the United States is with almost nations but majorly the countries from Asia and Europe are the biggest...