:) -I THINK this one turned out well.~ -sedonadoc*****

Running head: TRADE

Trade: The Universal ‘Symphony’ of World Commerce, whether in Discord or in Harmony
Name of Student
Name of Institution

TRADE
Trade: The Universal ‘Symphony’ of World Commerce, whether in Discord or in Harmony
Terms of Trade
This key term – shortened to “TOT” – vitally and vibrantly “represents the value of the
exports of a country, relative to the value of its imports [calculated by dividing the value of the
exports by the imports, with the result then multiplied by 100]” (Investopedia rudimentary
information, 2017). Thus, TOT is merely a convenient fulcrum to leverage (and understand) the
vagaries and vicissitudes of geo-commerce.
There exists a myriad of factors intertwined in this international interplay, including but not
limited to: Scarcity of goods; specific industry factors; and/or raw size of participatory goods
proffered (Investopedia rudimentary information, 2017). For example, computer components
imported from China to the United States would present a, basically, “irrelevant” platform as to
whether such mechanisms were efficiently utilized; but, for the all-important balance of trade
and economic equilibrium to be maintained, TOT’s tenets and tactics would demand equal (in
price) exports to China likewise be conjured up, whether in the form of one gargantuan
construction crane, or an equal number of small crates containing like-priced shoes or clothing.
Export Quotas and their Earnest Examples
Export quotas in the first place are designed to be “a restriction imposed by a
government on the amount or number of goods or services that may be exported within a given
period, usually with the intent of keeping prices of those goods or services low for domestic users
[emphasis added]” (Economics dictionary, 2017). As in our provided Study Notes, to employ

such export quotas as a tool, specifically, to protect the American textile industry would be on
the surface an ultra-Keynesian response to the market, invoking government to step in and
safeguard the domestic consumer (and manufacturer/distributor); there are not many fans of such
intrusive hands in the mix (Ikenson, 2013, p. 40). In theory, these strategically manipulative
actions would hinge upon stimulating the (domestic) market by quasi-flooding it and driving
down price-points on the frontlines – not so much a notorious “trickle-down” concept as a “stirthe-waters” one.
Spotlighting George W. Bush’s Staunch Steel Tariff Strategies
Much like petulant children on a playground – while the teacher is “out” for coffee – the
intramural squabbling among peers generally features a tendency to work things out among the
players. Such is certainly the case here: “The (direct) threat of a tariff ‘war’ in response to the
U.S. steel tariff led President [George W.] Bush to suspe...