Trade
China Remains Embedded in US Supply Chains: Jackson Hole Paper
- US boosted Vietnam, Mexico imports in shift away from China
- China in turn ramped exports and investments in same countries
A container ship at the Port of Long Beach in Long Beach, California.
Photographer: Tim Rue/BloombergThis article is for subscribers only.
China remains embedded in US supply chains even as American firms have taken steps to reduce direct imports from the Asian country, according to a paper presented at the Federal Reserve Bank of Kansas City’s annual Jackson Hole conference Saturday.
The paper’s authors, Laura Alfaro of Harvard Business School and Davin Chor of Dartmouth College’s Tuck School of Business, documented a decrease in the share of US imports from China and a corresponding increase in the share of US imports from Vietnam and Mexico between 2017 and 2022.