2016 Postmortem
In reply to the discussion: You can't have economic justice without redistribution. Free trade has helped hundreds of millions [View all]Kittycat
(10,493 posts)Some of what we export needs to change/ go away strictly for the sake of our environment. Some we will continue to do, because it's what we do best. But many things that we import, we should start reevaluating to see what can be shifted back to grow jobs and our economy. If businesses are highly profitable, and they're moving to Mexico just for more profit - no way, tax the hell out of anything they want to bring here to make it cost prohibitive to compete against American workers. Plain and simple.
What Carrier just did to workers, should be criminal. Instead it's celebrated on Wall Street. But tell me, do you think any of those employees will financially be able to (or ever want to) buy a Carrier product now that they're job has been eliminated? More short sighted thinking on the part of corporations and Wall Street, at the cost of American workers.
In 2015, total U.S. trade with foreign countries was $4.99 trillion. That was $2.23 trillion in exports and $2.76 trillion in imports of both goods and services. The United States the world's third-largest exporter, after China and the European Union (EU), and the world's largest importer. (Source: U.S. Census, U.S. Trade in Goods and Services. CIA World Factbook World Rankings)
What Does the United States Export?
Material goods contribute more than two-thirds of U.S. exports ($1.514 trillion). One-third of them is capital goods ($538 billion). The largest sub-categories are commercial aircraft ($119 billion), industrial machines ($54 billion), and semiconductors ($43 billion). Three other important sub-categories are telecommunications ($42 billion), electric apparatus ($43 billion) and medical equipment ($34 billion).
Another third of goods exports is industrial supplies and equipment ($428 billion). The largest sub-categories are chemicals ($86 billion), fuel oil ($38 billion), petroleum products ($54 billion), plastic ($34 billion), and non-monetary gold ($21 billion).
Only 13% of goods exports are consumer goods ($198 billion). It includes pharmaceuticals ($55 billion), cell phones ($25 billion) and gem diamonds ($20 billion). Here's more on Consumer Spending.
Automobiles contribute 10% of all goods exported. In 2015, that was $152 billion.
Just 9% of goods exported are foods, feeds, and beverages ($128 billion). The big three are soybeans ($20 billion), meat/poultry ($17 billion) and corn ($9 billion). Food exports are falling since many countries don't like U.S.
http://useconomy.about.com/od/tradepolicy/p/Imports-Exports-Components.htm