There is only three ways for a nation to create wealth: Agriculture, mining and manufacturing.
Importing, transporting and retailing do not create any wealth. These are value added services, the wealth was created were the goods were manufactured. This is just wealth transfer from the USA to the country that made the product. This is a good recipe for the USA to become a third world nation.
“There is only three ways for a nation to create wealth: Agriculture, mining and manufacturing.”
Singapore. Hong Kong. Redmond, WA. Silicon Valley. New York City. London.