The United States began to experience persistent trade deficits after manufacturing peaked in the 1960s, as the economy shifted toward services and became more dependent on imported goods consumption.

Authors

• Person: Not available Organization: Federal Reserve Bank of Dallas
  U.S. tariff outcomes dependent on trading partner responses

Sources

• U.S. tariff outcomes dependent on trading partner responses www.dallasfed.org Federal Reserve Bank of Dallas via serper

Referenced by nodes (5)

• manufacturing concept
• U.S. location
• trade deficit concept
• Services concept
• imported goods concept