United States of America is that the world’s largest economy and leading global trader. The process of opening world markets and expanding trade, initiated in the United States in 1934 and consistently pursued since the end of the Second World War, has played an important role within the development of yank prosperity.
- Neighbors: Canada, Mexico, Puerto Rico, Cuba
- Size: 3,794,101 square miles
- Population: 309,349,689
- Density: 87.4 people per square mile
- Capital City: Washington, D.C.
- Head of Government: President Joe Biden
- Famous Influencers: Kim Kardashian, Charli D’Amelio, JennaMarbles, Logan Paul
- Currency: U.S. Dollar (USD)
- Main Imports: Industrial supplies (crude oil, etc.), capital goods (computers, telecommunication system , automobile parts, office machines, electrical power machinery), commodity (automobile, clothing, medicines, furniture, toys), and agricultural products
- Main Exports: Capital goods (transistors, aircraft, automobile parts, computers, telecom equipment), industrial supplies (organic chemicals), commodity (automobiles, medicines), agricultural products (soybeans, fruit, corn), Barbies, Xbox consoles, and Apple iPods
- Import Partners: China (19%), Canada (14.1%), Mexico (12%), Japan (6.4%), Germany (4.7%)
- Export Partners: Canada (18.9%), Mexico (14%), China (7.2%), and Japan (4.5%)
- Time Zones: GMT -10, GMT -9, GMT -8, GMT -7, GMT -6, GMT -5
- Website: http://www.usa.gov
The potential economic gains from trade for America are faraway from exhausted. Roughly three quarters of world purchasing power and over 95% of world consumers are outside America’s borders. The Peterson Institute analysis also estimated that elimination of remaining global trade barriers would increase the benefit America already enjoys from trade by another 50%. Trade remains an engine of growth for America. The negotiation of further reductions in global barriers and effective enforcement of existing agreements are the tools to reap those additional benefits.