I am looking at the American experience WRT to imports.
And I am also looking at the American experience WRT to China.
We have done well with the import experience so far. But a big change is happening now which not very many are focused on yet:
China is growing FAST. China now exports more than we do, Our exports are likewise falling, while China’s are growing.
So China is the world leader. And getting bigger.
We are now number 2, and shrinking.
This is a very, different ballgame now.
No not really. Read Bastiat.