Semiconductors, leather bags and laptops were among the top China imports that were most affected by the tariffs. Companies big and small have moved production from China to other manufacturing hubs such as Mexico, Vietnam, Taiwan and Malaysia. Last year, products coming from China made up 14% of all imported goods, the lowest share in nearly two decades. That number plunged to $26 million last year, even as the overall amount of wooden cabinets imported continued to climb. More than 70% of those imported goods were still sourced from China in 2023.

Source: Wall Street Journal November 25, 2024 15:45 UTC