Principle #12 - IMPORTS ARE JUST AS IMPORTANT AS EXPORTS.
It is always in the country's best interest to have imports from other countries to push you in the direction of your comparative (competitive) advantage. Trade allows you to rise above the levels of self-sufficiency. This pricinple is positive because imports create competition and options which results in lower prices for consumers.
One out of every five jobs are directly related to trade.
Good business: keep American corporate taxes low and tariffs low as well. The winners will be those companies that are the most competitive and the consumers...that's Capitalism.
