Terms of Trade, Tariffs, and the Structural Reality of Globalization Official data review – December 2024 to December 2025 What Are Terms of Trade (TOT)? Terms of Trade (TOT) represent the ratio between a country’s export prices and its import prices. It measures how many units of exports are required to purchase a single unit of imports. … [Read more...] about Terms of Trade (TOT),Tariffs, and Dollar Devaluation: What the Data Is Showing