U.S. Economy Slowing Quickly

[errolanderson]

VACUUMS! voids get filled. Is it everyone else's fault when they woke up one day and realized their HUGE trade deficits. They accepted the goods, hook line and sinker.

Whose fault is it that cheap(quality and price) Pacific rim product floods the world. Try beating them at their own game. Why is it just about every Entrepreneur on Dragon's Den or Shark Tank tries to drive cost of goods down by manufacturing offshore?(Maybe except the Earth friendly Eco-types) Take with a grain of salt but I am thinking their is a huge element of truth to that business model/practice.

Respectfully, what percent is the US of the world's total economy? I have to ask because I don't know.

https://www.thebalance.com/world-s-largest-economy-3306044 https://www.thebalance.com/world-s-largest-economy-3306044

I am completely out of my element here.

farmaholic . . . in 2017, the U.S. GDP represented about 31% of the total world economy.

[the big wheel]

farmaholic . . . in 2017, the U.S. GDP represented about 31% of the total world economy.

It would be interesting to see how that is broken down. Weapons and arms I would assume are a major part of the USA economy. Food?
And then what happens when all those goods aren't produced in India or china do they then not have money to buy our canola oil for example?

I would think short term the us economy would benefit but long term being a closed self sustained economy without access to the Asian population may leave you behind? Complicated for sure.