FACT: ‘Global-economy’ debates are not new. THE NUMBERS: Merchandise trade/U.S. GDP ratio* – 2025 18.20% 2016 19.50% 2008 23.30% 2000 19.70% 1980 16.60% 1790 22.3%? * Modern GDP and goods trade figures from BEA and Census. 1790 GDP estimates and trade from measuringworth.com and Almanac of Statistical Abstracts. WHAT THEY MEAN: Two of the Declaration’s 27 […]Read More
