This power was written in Article 3 of the Constitution. ... The advantages of separating the branches of power are that no one party can be fully in charge of America. ... Other disadvantages are: the state courts have to follow the national law and keep the Constitution in mind when judging upon the people.
The most important economic truth to grasp about the U.S. trade deficit is that it has virtually nothing to do with trade policy. A nationâs trade deficit is determined by the flow of investment funds into or out of the country. And those flows are determined by how much the people of a nation save and invest - two variables that are only marginally affected by trade policy.
The U.S. trade deficit with China was a whopping $365.7 billion in 2015 â a new record high, up slightly from 2014's record of $343 billion. This massive trade deficit exists because U.S. exports to China were only $116.2 billion last year, while imports from China hit a new record high at $481.9 billion â a gap that's expected to continue to grow because, to put it simply, imports are rising faster than exports. Here's what lead up to this gigantic U.S.-China trade gapâ¦ What Caused the U.S. Trade Deficit with China. China can produce goods for Americans at the cheapest cost. It's able to do so because: It has a lower standard of living than many countries, which allows companies in China to pay lower wages to workers.