Mary T. Barra, the chief government of Normal Motors, with President Trump at a Michigan occasion final month to discuss automaking and job creation.

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You can see the rise in imports from much lower than 1% within the Nineteen Sixties to about 2% of US GDP in the mid 2000s (until the nice recession hit). The opposite attention-grabbing factor is that consumption of autos (as a fraction of the economy) began a serious decline in the early 2000s. That is going to complicate the analysis which I’ll take up again within the next post.

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