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Simple English definitions for legal terms

International trade

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A quick definition of International trade:

International trade refers to the exchange of goods and services between different countries. There are laws and regulations that govern international trade, including those set by the US Constitution, federal laws, and international treaties. The International Trade Administration (ITA) is a bureau of the US Department of Commerce that aims to promote fair trade and strengthen the competitiveness of US industry. The World Trade Organization (WTO) is an international organization that provides a framework for negotiating and resolving disputes related to international trade agreements.

A more thorough explanation:

International trade refers to the exchange of goods and services between different countries. It is governed by constitutional, federal, and international laws that regulate trade between the United States and foreign nations.

The Commerce Clause of the U.S. Constitution gives Congress the power to regulate commerce with foreign nations. Federal and international laws address a wide range of trade issues, such as customs duties, dumping, embargoes, free trade zones, intellectual property, quotas, and subsidies.

Congress has enacted numerous federal statutes, including the Tariff Act of 1930, the Trade Act of 1974, and the Trade Agreements Act of 1979. The President also has the power to negotiate international treaties and trade agreements, such as the Marrakesh Agreement Establishing the World Trade Organization and the North American Free Trade Agreement.

The International Trade Administration (ITA) is a bureau of the U.S. Department of Commerce that aims to strengthen the competitiveness of U.S. industry, promote trade and investment, and ensure fair trade through rigorous enforcement of U.S. trade laws and agreements. The ITA is comprised of four distinct business units: U.S. and Foreign Commercial Service, Manufacturing and Services, Market Access and Compliance, and Import Administration.

The United States is a member of the World Trade Organization (WTO), an international organization that provides a forum and a legal and institutional framework for its members to negotiate, implement, monitor, and resolve disputes relating to international trade agreements. As of 2021, the WTO has 164 members and 24 observer countries.

Examples of international trade include the import and export of goods such as cars, electronics, and clothing. International trade also includes the exchange of services such as consulting, tourism, and transportation. These examples illustrate how countries rely on each other for goods and services that they may not produce or provide themselves.

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12:50
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noreaster
12:50
every rapper has a bar like she got good brain that bitch ain’t even go to college
she giving me brain like she just turned 25 and her prefrontal cortex has reached full development
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she giving me fully developed brain
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noreaster
12:52
I met windy irl she looked exactly like that
Mostlylegal
12:52
whats the one lyric where he says like, she had to be half white the way her brain was
MOGlylegal? windyMOGician?
if you can marry a sister you're rich son
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does givin brain mean exchanging ideas like the human experience, meaning of life, philosophy, science and math, the human experience, and a deeper meaning?
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husband coming to live with me this summer
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first power bottom president... besties we had JFK
noreaster
12:58
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HOW COULD I FORGET RIP JFK YOU WOULD'VE LOVED $2 DRINK NIGHT IN THE GAY CLUBS
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Anyone here going to Catholic or Drexel or NYLS ??
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Does anyone have confirmation on UConn’s class being full or not?
Mostlylegal
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yeah its full, full of goobers!
they're arguing on the lawschooladmissions reddit rn about not applying to law school if you score below 150
guys i'll only say this one: do NOT apply to law school if you are only 150 rats in a trench coat pretending to be a person. everyone knows 150+ rats are needed to pass as a human being.
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haha good one
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