67% of phones are made in China.* Many for Western companies. Using parts and materials sourced from around the world.
I guess it depends on what operating system you decide to use…
(There’s also Shift who make a similar product : https://www.shiftphones.com/en/)
Buying a used phone does save resources and stops potential e-waste though.
Plus with an older phone there’s more likelihood that an alternative OS is available.