Introduction The international trade in the US grew much faster after the Second World War. Trade between the United States and the rest of the world has played a significant role in the growth and development of the US economy over the past years. Since the US is a superpower nation, other countries view trade with the country to be quite important. There are a number of benefits that arise from the trade relationship between the US and the rest of the world. First, the exports and imports of goods and services result in an improvement in the standards of living of the citizens. This comes about because exports generate revenue to the economy while imports increase the amount of commodities available for consumption. This further leads to a reduction in the prices of goods and services. On the other hand, international trade has a negative impact on the economy in a number of ways. A major drawback is the risk of survival of the domestic industries. Economists claim that international trade results in the reduction of job opportunities and wages. This can be attributed to the fact that an increase in import leads to a reduction in the amount of goods and services produced by local firms. On the contrary, surveys show that the imposition of restrictions on trade does not favor both consumers and the producers. Aim of the paper The paper seeks to analyze the impact of export on the US economy. Specifically, the paper will analyze the impact of foreign trade on GDP, standard of living (measured using per capita income), and other variables. Literature review There are several studies that have been carried out to analyze the impact of export trade on the US economy. Besides, there has been continuous debate on the trade-off between the positive and negative impact of trade on the US economy. The result of these studies has called for the needs to come up with policies that create a balance between the negative and positive impact of trade. An example of such study was carried out by James Jackson in the year 2013 (Jackson 6b). In the study, Jackson used the computable general equilibrium model that integrates data on export trade and other economic variables for about 100 countries. The author also made use of the Michigan Model and Estimates as an extension of the computable general equilibrium model (Jackson 16b). The study was based on cross sectional secondary data. Jackson observed that export and import trade enables countries to use their resource endowment more proficiently. This enables them to maximize the variety of goods and services they provide to their citizens. It also results in an increase in the standards of living (Jackson 11b). The author further stated that the economies of the world engage in trade with an aim of maximizing their national interest. Jackson further pointed out that nations engage in trade on the basis of comparative advantage. The author stated that individuals within a nation will tend to focus on areas they have strong skills. Based on this, the citizens will focus on the production of goods and services in the areas they have comparative advantage and exchange with countries that produces other goods an