The United States buys automobiles from Japan and Germany and petroleum products from many OPEC nations. The United States thus engages in

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The United States is engaging in importing, which is the act of bringing goods and services into a country from another country. Dumping refers to the practice of selling goods in a foreign market at a price lower than what is charged in the domestic market, while tariffing involves the imposition of taxes on imported goods. Exporting refers to the selling of goods and services to foreign countries, and deficit trading refers to situations where a country imports more than it exports, leading to a trade deficit.

The United States Buys Automobiles from Japan and Germany and Petroleum