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U.S. Should Look Inward Not Abroad to Solve Trade Problems


(Rana Foroohar – Straight Times)

Here is a statistic that tells you much of what you need to know about the United States trade debate - only 1 per cent of US companies export.

It is a figure that I uncovered recently in a McKinsey Global Institute (MGI) report on the state of US manufacturing, which confirmed much of what my own reporting has informed me about US trade problems.

They begin at home, not abroad. That is not a line you will hear over the next few days, as negotiators meet in Mexico for the latest round of North American Free Trade Agreement (NAFTA) talks. Click here to read more.

Related: Study Finds Growth Opportunities For U.S. Manufacturing Sector (McKinsey)