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.
Accordingly, the UK holds a massive trade deficit with the rest of the world, second only to the US. In 2012, UK imports were worth $646 billion with exports valued at only $481 billion. In recent years, the UK has run the largest trade deficits with Norway, Germany, China, Hong Kong and Netherlands.