Mary T. Barra, the chief govt of General Motors, with President Trump at a Michigan event final month to debate automaking and job creation.
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You’ll be able to see the rise in imports from a lot lower than 1% within the 1960s to about 2% of US GDP in the mid 2000s (until the great recession hit). The other fascinating factor is that consumption of autos (as a fraction of the financial system) started a severe decline within the early 2000s. That is going to complicate the analysis which I will take up again within the subsequent submit.
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