America's Main Import Partners

During the campaign, one of the central themes of Donald Trump’s economic plans was to raise tariffs. And this time not just on selected countries or products, but across the board. Trump suggested to slap a 10 to 20-percent tariff on all imports and to top it off with a 60-percent tariff on all things coming from China, one of the most important trade partners of the U.S.

Cars, Meds, Oil and Tech: America's Main Imports

Economic history has shown that, as an economy develops, so does its service sector. This is certainly true for the United States, one of the most highly developed countries in the world and certainly a service economy. According to the U.S. Bureau of Labor Statistics, service-providing jobs account for more than 70 percent of nonfarm payrolls in the country, while goods-producing jobs account for less than 15 percent of jobs. In the 1940s, both sectors were tied at little above 40 percent, with government jobs accounting for the remainder of jobs.