Consumer Expenditures on Firms Importing from China Decomposition

Consumer Expenditure Shares

Solid Green Line: Shows the real-world fraction of total consumer spending that went to companies importing from China each year. Dashed Blue Line: Keeps level of import from China after 2018 constant. It only lets consumer spending patterns shift from 2018 onward. Dashed Orange Line: Keeps consumers’ spending constant the way it was in 2018, and only adjust important habits.
Source: Data from Numerator and Panjiva, authors own calculations. Link to report.