Discuss: Imports and exports are complements, not competitors. Both are necessary and both contribute to economic growth.
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Discuss:
- Imports and exports are complements, not competitors. Both are necessary and both contribute to economic growth.
- Roughly one-third of all US imports and exports is trade between US multinational companies and their overseas subsidiaries.
- Foreign-owned companies operating in the US number in the thousands and provide directly or indirectly jobs for more than 13 million US workers (roughly, 10% of the US workforce).
- US trade deficit in goods in 2018 (as a % of GDP) was the same as it was 5, 10 and 15 years earlier.
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