The US literally has to re-establish these markets or pay the tariffed price...
1. Electronics & Technology
Imports: Over 90% of consumer electronics (smartphones, laptops, TVs, semiconductors) are imported.
Main Suppliers: China, South Korea, Taiwan, Vietnam.
Example: Apple designs iPhones in the U.S., but they are manufactured overseas (mostly in China).
2. Pharmaceuticals & Medical Supplies
Imports: About 80% of active pharmaceutical ingredients (APIs) are imported.
Main Suppliers: India, China, Germany.
Example: Generic drugs are mostly manufactured in India and China, despite being consumed in the U.S.
3. Clothing & Textiles
Imports: Over 90% of clothing and footwear are imported.
Main Suppliers: China, Vietnam, Bangladesh, India.
Example: Most major clothing brands (Nike, Adidas, Leviβs) rely on overseas production.
4. Oil & Energy Products
Imports: The U.S. still imports about 35-40% of its crude oil despite being a top producer.
Main Suppliers: Canada, Mexico, Saudi Arabia.
Example: The U.S. refines imported crude oil into gasoline, diesel, and jet fuel.
5. Automobiles & Auto Parts
Imports: About 50% of cars sold in the U.S. are imported, and about 25% of auto parts are foreign-made.
Main Suppliers: Japan, Mexico, Canada, Germany.
Example: Toyota, Honda, BMW, and Mercedes manufacture many of their vehicles abroad and ship them to the U.S.
6. Furniture & Home Goods
Imports: Around 75% of furniture and home decor are imported.
Main Suppliers: China, Vietnam, Mexico.
Example: Many items sold by IKEA, Wayfair, and Walmart are manufactured overseas.
7. Specialty Metals & Rare Earth Elements
Imports: The U.S. imports nearly 100% of its rare earth elements.
Main Suppliers: China dominates the market.
Example: These elements are critical for smartphones, electric vehicles, and military equipment.
