The Trump administration has made it known that the softwood lumber industry and Canadian livestock are both sources of interest, where the U.S. would like to seek more
favourable terms of trade.
If Trump succeeds in getting more
favourable terms of trade from his trading partners, along with perhaps relief on his defence budget, he will emerge as the winner in the noisiest trade quarrel the world has seen in the last couple of decades.
Not exact matches
With a
favourable international environment, high levels
of confidence domestically, and further rises in the
terms of trade adding to national income, the prospects are that demand conditions will continue to encourage growth in the period ahead.
But we were also fortunate in Australia that the boom in commodity prices and substantial rise in the
terms of trade through the 2000s produced a very
favourable economic environment at a time when many
of the major economies moved into recession.
However, given the generally
favourable environment for business investment and ongoing stimulus to incomes from the rising
terms of trade, any slowing in demand from last year's pace at this stage seems likely to be relatively mild.
Changes would include a drastic increase in overseas development assistance in the field
of communication and under conditions more
favourable to recipient parties, the adoption
of the UNCTAD Code
of Transfer
of Technology on the
terms proposed by the developing countries, a revision
of provisions on the protection
of intellectual property in the GATT / TWO multilateral
trade accord so as to take the interests
of less powerful countries and small producers into account, and the adoption
of a multilateral accord on space cooperation and equal benefits.