US’s indirect reliance on Chinese goods rises – NY Fed research
Study finds country’s largest partners are importing increasing amounts of goods from China
Although the US is making efforts to lessen its reliance on Chinese imports, its indirect reliance on them is increasing, according to research from the Federal Reserve Bank of New York.
The paper – written by Trang Hoang and Gordon Lewis and published on August 2 – says foreign suppliers of goods imported into the US are increasingly reliant on imports from China.
Using data from the US Census Bureau and UN Comtrade, they say that in 2017 the average US supplier sourced 14.5% of its total goods
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