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Who helped the British reverse their trade deficit with China?
The British reversed their trade deficit with China primarily through the opium trade. British merchants, particularly the East India Company, began exporting opium from India to China, where it was in high demand. This trade facilitated the flow of silver into Britain, effectively balancing the trade. The situation ultimately led to significant socio-economic issues in China and contributed to the Opium Wars.
Does the US have a trade surplus or a trade deficit with China?
The US has a trade deficit with China. That means China sends the US goods worth worth more money than those the US sends China.
What is one of the us trade deficit?
Increase import from China
What countries do the US have a trade surplus with?
The United States has a high trade deficit with a number of countries. It has the highest trade deficit with China, at about 27 million dollars of debt.
Which item did England export in an attempt to battle its trade deficit with China?
Opium, England was paying out too much of its gold reserves to china for it's tea so to overcome this the clipper ships that picked up the tea from china were filed up with opium to trade for the tea instead of gold. Eventually when china became aware of the damage this was doing to its people and economy they tried to stop this practice leading to the opium wars. Which item contributed most to England's trade deficit with China? Tea
Is the money owed for the trade deficit with China a separate amount from US debt purchased by china?
yess
What is it called when a country's imports exceed its export?
China
Which of the following was a motive of the British in the Opium Warsing?
A.The trade policies of China.B.The trade deficit in Britain.D.The trade surplus in China.
Which item did England export to China in an attempt to battle its trade deficit with that country?
Opium-
What percent of the US trade deficit with China is attributable to Walmart?
Walmart is estimated to account for approximately 10% of the U.S. trade deficit with China. This figure highlights the significant role that large retailers play in the importation of goods from China, as Walmart sources a substantial portion of its products from Chinese manufacturers. However, the overall impact of Walmart on the trade deficit can vary with market conditions and changes in sourcing strategies.
Does China have a trade surplus or a trade deficit?
surplus Quantify the surplus amount as in March 2011
What is trade deficite?
trade deficit occurs when? trade deficit occurs when?
