Foreign Trade’s Essential Role in Our Economy and Employment

The annual US Gross National Product increased to 17.3 trillion US dollars in 2017.   In 2016, US exports and imports were 12.7% and 15.6% of US GDP respectively.  A trade deficit (excess of imports over exports) will lead us to issue debt to finance the 2.9% GDP imbalance.  A trade surplus would be a far […]