Eco 372 Week 5 Individual International Trade and Finance Speech

International Trade and Finance Speech
My Name
September 24, 2013
Instructor Name

International Trade and Finance Speech
Ladies and gentlemen of the press, thank you for coming here this evening. I want to address where we are in the bottled beer industry following the latest congressional hearing on the impact of foreign trade. I am going to briefly discuss the effects of international trade on the domestic and international markets. I am going to discuss what happens when there is a surplus of imports brought into the country and how this affects the bottled beer industry.   I want to touch basis in regards to how the United States handles tariffs and quotas. I am going to make a statement on how the foreign exchange works and how it can affect this industry. Finally by popular demand I am going to attempt to address why the United States does not restrict all the goods coming from china and any other country competing with us as a nation.
What are the effects of international trade on the domestic and international markets of your industry?
International trade is considered a major player on our current economy. It always has and always will be a player within our GDP. It is widely known that our country had shifted from a creditor nation to a debtor nation over the last few decades. This had created huge changes to the economy as a whole.   So, let’s take a look at international trade. When a country creates goods other countries want they export them to other countries. And when another country makes something you want we import it to our country. The rise in technology has made it easier for businesses to find the products they need and import those causing exports and imports to raise substantially all over the globe. As a nation we import a lot more than we export this causes our GDP to be lowered because we are consuming more than we are exporting. This also has an effect on our domestic product because we are buying more goods from...