Midwest Manufacturing and Trade with China
Last Updated: 10/15/03
lU.S. trade with China has grown dramatically in recent years. The growth in imports, in particular, has raised some challenges for domestic manufacturers competing against lower-cost Chinese production. At the same time, households benefit from falling prices for imported goods, firms benefit from falling prices on intermediate components and parts, and U.S.-domiciled multinationals benefit from selling to and investing in the burgeoning Chinese market.