Sentences with phrase «trade imbalances reflected»

Trade imbalances reflected mainly the relative costs of producing goods.

Not exact matches

And: «The new NAFTA will be modernized to reflect 21st century standards and will reflect a fairer deal, addressing America's persistent trade imbalances in North America.»

What's important to recognize is that the deep trade imbalances afflicting the U.S. in recent years mainly reflect the impunity with which other countries exploit access to its capital account.

Once we recognize that bilateral trade reflects the complexity of trade in the global economy, and not the sources of the trade imbalances (as I explain in Section 9), it becomes clear that Mexico is not a source of American trade imbalances, and is in fact far more likely to be providing relief.