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To: lewislynn

The great thing about the US economy is that our economic activity/GDP largely "circulates" within the country. Less than 10% of our economy is export-based unlike China's which is export-dependent. The US could theoretically "withstand" an import cut from Chinese goods. We could buy cheap goods from other countries like India. BUT, unfortunately for the US, China 'kinda' keeps our national debt in check by buying large sums of US Treasury. So if China unloads/sells them in retaliation, it could spell trouble.


14 posted on 06/29/2004 9:36:42 AM PDT by fret1
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To: fret1
The great thing about the US economy is that our economic activity/GDP largely "circulates" within the country.

That's odd, most everything I see is made, assembled, or manufactured in some other country...mostly China.

18 posted on 06/29/2004 11:58:49 AM PDT by lewislynn (Why do the same people who think "free trade" is the answer also want less foreign oil dependence?)
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