this is what I wrote The balance of trade is the ratio of goods exported and imported into a country. A trade surplus is when a country's  exports exceed its imports.
Balance of payment is a statistical system that reflects transactions between residents of a given country and residents of other countries.
The largest trade imbalance of the USA with China, as well as with European Union, Mexico, etc.
Tramp proposed a "By America" policy that would create jobs and strengthen national security.
Apple is a large company in the world market.
The obstacles the company faced were:
1)increased costs due to tensions between USA and China.
2)compliance-learning about regulations in other countries.
3)cultural differences.
4)disruption in supply chain-the Covid pandemic.
Apple managed to direct the supply chain and adjusted prices.
Apple participation in international trade:
1)manufacturing facilities as needed especially in China.
2)retail sales in several countries.
3)distribution on goods through on international transport network.
4)strong partnerships with global supplies.
Exapmle1:
Apple has big sales growth in India and China.
Example 2: Strategic partnerships were used to expand market presence with local companies.
The USA has import tension with China on electronics and steel, leading to a trade war.
WTO (World Trade Organization) was created in 1995 to regulate international trade. It reduce tariffs and resolves disputes between countries.


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Outcomes
Define key factors in the international trade environment that influence global business.
Identify economic, legal, political, social, cultural, and technological barriers to international business.
Explain the main agreements, alliances, and organizations that encourage trade across international boundaries.
Summarize the areas of career opportunities in international business.
After reading Chapter 3, please address the following:

Define and discuss the terms balance of trade, trade deficit, trade surplus, and balance of payments. Name some countries with whom the United States has trade deficits and trade surpluses. 
There are a lot of barriers to international trade. Choose a Fortune 100 company that has gone global and investigate how barriers to international trade have impacted the organization. Identify at least 4 barriers that this organization has been challenged with. Has it been able to overcome these barriers? Be specific with your determination. Additionally, there are numerous ways an organization can be involved in international trade. Using the same Fortune 100 company, describe at least 4 ways it is involved in international trade. How has this company been successful in its international trade? Give at least 2 examples to support your answer. 
Give some examples of United States import tariffs. How have import tariffs contributed to tensions between the United States and China.
Choose one of the terms listed below and explain its origin and its impact on global business: 
GATT
WTO
NAFTA
EU
APEC
ASEAN
IMF
Compose an initial post of at least 300 words by answering the prompt given above and then reply to at least 2 classmates' initial postings with a response of at least 150 words that encourages further discussion. In your replies, please include at least 2 questions or additional pieces of information about the material they posted in order to further discussion. Use APA citation when citing the textbook and other sources.

See the Schedule in the Syllabus and Schedule Module for due dates and the rubric attached to this discussion for grading information.