> "Total foreign imports are only about 11% of American consumption, and Chinese imports are 3%."
What sort of evidence does he cite for those numbers?
The denominator in a percentage matters. Once you take out housing, food, fuel, insurance, education, etc. -- how much of our remaining expenditures are goods (mostly) made in China?
While less than 3% of my household expenditures are electronic goods, the vast majority of those goods are made in China -- this despite a concerted effort to buy domestic products.
What sort of evidence does he cite for those numbers?
The denominator in a percentage matters. Once you take out housing, food, fuel, insurance, education, etc. -- how much of our remaining expenditures are goods (mostly) made in China?
While less than 3% of my household expenditures are electronic goods, the vast majority of those goods are made in China -- this despite a concerted effort to buy domestic products.