1. www.newsniz.com/what-does-the-us-trade-data-mean/ What does the US trade data mean? Based on US trade data the relationship between Great Britain & America is long-standing. The United States has been the leader in many areas of the global economy for decades. The bulk of Great Britain’s imports are dependent on the United States. The London Bridge, which was severely damaged in 2008, was one of the highlights of this long-term relationship. Both countries needed a better system for inspecting and monitoring their largest trading partner. To facilitate closer cooperation, the European Union was established. The Single European Act was born. This partnership has become closer. A trade deficit is the difference in imports and exports The difference between a deficit and a surplus refers to the difference in import and export values. This indicator is crucial for a country’s economy performance. This indicator can give a clear picture about a country’s economy performance. Forecasters and business people use numbers of exports and imports to forecast economic performance. The difference between actual import and export data is called the deficit. Imports from the United States of America have been increasing in recent years. The US trade statistics surplus is a relief for British exporters. Their exports are not sufficient to meet the deficit. This trend began in 2001, when the US launched its first military operation against terrorist states in the Middle East. The Economic Stimulus Bill was signed by President George W. Bush to boost the economy, increase exports and create more jobs. 1/2

2. Export growth Although exports have increased since the beginning of the twenty-first Century, the actual growth rate is slower that the official export growth. Unfortunately, the government has not been capable of increasing exports at a sufficient rate. The government could reverse this trend by increasing gross domestic product by around two percent. The Purchasing Managers Index measures the growth in exports. This would help boost Britain’s economy. See also – https://www.knockinglive.com/trade-data-what-should-you-know The net international investment position is the basis of the Purchasing Managers Index. A country with a positive net foreign investment score is one that is either in surplus or below zero. A country with a negative balance has a negative net international investment position. Its products and services purchased abroad are often more expensive than those it would import to America, because of higher prices paid to its trading partners. The U.S. deficit now stands at three thousand five hundred billion US dollars. The United States has exported three thousand five hundred million goods to international markets. Two and a quarter trillion dollars worth of goods have been exported by the United States to countries that it purchased from the international markets. Import prices would drop if the United States were more transparent in its trade. 2/2