International trade refers to the exchange of goods and services across national borders. It involves the movement of products, commodities, and services between countries, allowing nations to benefit from the comparative advantages of others. This type of trade is influenced by various factors, including tariffs, trade agreements, and exchange rates, and is essential for economic growth and globalization. Through international trade, countries can access resources not available domestically, enhance their market reach, and stimulate economic activity. It plays a critical role in shaping economies, influencing employment, and fostering relationships between nations.
Trump and Starmer's meeting signifies a critical development in UK-US trade relations amidst tariff concerns. An innovative economic framework focusing on advanced technology is being proposed, deviating from traditional free…