Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isn’t very dependent on it. Indeed, looking at trade as a percentage of gross domestic product—a metric economists sometimes call the “openness index”—the U.S. is one of the least trade-oriented nations in the world.
The US is one of the world’s least trade-oriented countries—despite laying groundwork for today’s globalized system
