Number: RL32059 Title: Trade, Trade Barriers, and Trade Deficits: Implications for U.S. Economic Welfare Authors: Craig K. Elwell, Government and Finance Division Abstract: This report provides an overview of the economics of international trade that may be helpful for consideration of many recurring international economic policy issues. It provides an explanation of mainstream economic principles that may be considered a gauging the economic significance of trade issues as well as the trade-offs inherent in many policy choices. Pages: 25 Date: May 22, 2006