Paraphase Approximately one-third of America import, and export activities involve trade between American multinational corporations and their foreign affiliates. Thousands of foreign-owned businesses operate within the U.S., providing jobs to around 13 million American workers, which is about 10% of the country's labor force. The U.S. goods trade deficit as a percentage of GDP in 2018 remained consistent with levels from 5, 10, and 15 years prior. The increase in the U.S. goods trade deficit with China has not led to a rise in the overall U.S. goods trade deficit, as it has been counterbalanced by a decrease in goods imports from other trade partners