Only 1.2% Of American Spending Actually Ends Up In China

Well, as this report from the Federal Reserve Bank of San Francisco reveals, for starters, 67% of American spending is on services — and 96% of the services we buy are totally made in the USA. So that takes out a big chunk of spending right there. On top of that, only 10% of American spending is on durable goods. And USA still dominates that category, clocking in at 66%, while China is only 12%.

It gets even better. 11.5% of what US shoppers spend goes towards goods and services produced overseas, but 36% of that goes towards US companies and workers in the form of paying for transportation, wholesale, and retail activities.

In the final analysis, only 2.7% of American spending is on "Made in China" goods, and only 1.2% of the American expenditure is on the true cost of the goods. So for every dollar spent on a plastic "Made in China" "Robert-Cop" doll, 55 cents ends up in the pockets of American companies.

http://consumerist.com/2011/08/only-3-of-american-spending-actually-ends-up-in-china.html

Lol, good stuff.

The basics:

http://useconomy.about.com/od/tradepolicy/p/Trade_Deficit.htm

I always said they should use trade statics with components where they are made included into it. and assemble in not made in. would make trade frictions and dumb talking heads from both sides tell the truth alot more.

on the left side its mostly unions against trade truths and right side nationalist.

nationalist = neo cons.

read some comments saying that report was extremely flawed - still looking for corroboration.

read the ipad and iphone productions studies, components were made everywhere and made in china bit was like few percent of the cost of the product itself.