a good that is sent to
another country for sale
export
a good that is brought in from
another country for sale
import
tax on imported goods
tariff
a cycle of increasing
trade restriction
trade
war
a new industry
infant
industry
the result of a nation exporting
more than it imports
trade
surplus
the result of a country importing
more than it exports
trade
deficit
the relationship between a
nation’s imports and exports
balance
of
trade