Insurance is a complicated business; it sells protection so one could hedge against potential losses in the future. China has become significantly wealthier over the past forty years, as we all know, but so has the United States. In 1980, the United States had a gross domestic product of $2.8 trillion, while China's was only $302 billion. While that news is welcome, most of the lost U.S. manufacturing jobs in recent decades aren't coming back. In 2015 the United States manufactured 12,000,000 vehicles, double the quantity of the early 1950s, when there were no imports.

Source: Huffington Post January 21, 2017 17:48 UTC