Inflation in China will have little effect in America.
Here's the proof:
1. $34.4 billion is the latest monthly import total from China. The yearly total at the same rate is $412.8 billion.Derived differently by the San Francisco Fed: The U.S. Content of “Made in China”
2. USD GDP annualized is $15,003.8 billion.
3. 412.8 divided by 15,003.8 = 0.0275 Spelled out by "Mish".
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