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" ... Additionally, business investment is still 20.5% below where it was at the end of 2019. It’s the same for household consumption which remains 12.4% below. This is despite retail sales growing by 17.4% in the quarter, which is the biggest quarterly increase on record. The growth in demand is also seen in the growth in imports of goods, which grew by 18.6%. The UK still maintained its trade surplus of 0.9% of nominal GDP which narrowed from 3.8% in the second quarter which had witnessed a collapse in imports. ... "
" ... Richard Nixon began his second term on January 20, 1973. U.S. oil production had declined to 9.2 million BPD while consumption had increased by 3 million BPD from the first year of Nixon’s first term. As a result, oil imports would more than double during Nixon’s presidency, and American citizens would learn the danger of the dependence on imports with the OPEC oil embargo of 1973. ... "
" ... So far, some $250 billion worth of China imports are tariffed at 25%. ... "