US economy

The US represents the great consumer market and countries around the world want to compete for their share. The US with 4% of the world’s population produces 26% of the world’s GDP. This is particularly true in countries like Japan and Germany where the population is aging. It is the young people who both produce and consume production. Japan decided some years ago that they would manufacture goods in the US to sell in the US and bring home the profits to care for the elderly. Further promoting this concept is the cost of shipping which for a standard 40-foot container has increased from $2,000 to $20,000. Germany has the added incentive of low energy cost in the US which is a third less. In addition, goods produced in the US will avoid the 15% tariff. Because of this and added to the increase in domestic production, the US industrial base is rapidly increasing, sometimes faster than the energy supply. This will put additional pressure to fast-track small nuclear reactors. The US economy is poised for expansion.