International trade refers to the exchange of goods and services between countries. It allows nations to import products that they do not produce efficiently and export those that they can produce more efficiently, thus enabling them to benefit from comparative advantages. This trade can be conducted through various means, including exportation and importation, and is influenced by factors such as tariffs, trade agreements, and international regulations. International trade plays a crucial role in the global economy, fostering economic growth, increasing market competition, and promoting the spread of technology and innovation. It facilitates cultural exchanges and can help develop international relations. The balance of trade, which compares the value of a country’s exports to its imports, is a key indicator of a nation’s economic health.
Japan's Nippon Steel has withdrawn its $14.1 billion bid for U.S. Steel, opting instead for a collaborative investment. The partnership aims to strengthen U.S. Steel’s future without majority ownership, showcasing…