Mary T. Barra, the chief government of Common Motors, with President Trump at a Michigan occasion last month to debate automaking and job creation.
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You can see the rise in imports from a lot less than 1% within the 1960s to about 2% of US GDP within the mid 2000s (until the nice recession hit). The other attention-grabbing factor is that consumption of autos (as a fraction of the economy) started a serious decline within the early 2000s. That is going to complicate the analysis which I’ll take up again within the next put up.