How much U.S. retailers still rely on China for products

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Transcript

00:0020% de Target's cost of goods sold is from China.

00:04For Walmart, it's 15%.

00:06Both companies say they're trying to reduce their reliance on China,

00:10but admit it's still a major source of products.

00:13Deep discounters tend to rely on China even more.

00:16Five below 60%,

00:19though the company reportedly just halted all imports from China.

00:24Executives say tariffs have doubled the cost of their inventory.

00:27Dollar Tree, 32%.

00:30Again, this is cost of goods sold.

00:32At the same time, 8 out of every 10 products Dollar Tree imports comes from China.

00:38Similar story for home improvement.

00:40Home Depot, 25% cost of goods sold.

00:43Lowe's, 20%.

00:44Even specialty stores, Best Buy, 55%.

00:50Dick's Sporting Goods, 25% of what it spends goes to bringing in products from China.

00:55Look, overall, it's hard for outsiders to track China purchases because of trans shipments.

01:02Analysts say products can be made in China, but sent to other countries for finishing touches.

01:08Those numbers are completely understated because no one is taking a Mexican import

01:13as a made-in-China item because it's already pre-marked and pre-ticketed made in Mexico

01:18when it hits the shores of Mexico.

01:20So there's no way of finding and tracking those goods.

01:23To be sure, though, China supplies the lion's share of products in some categories.

01:28Virtually all baby strollers and safety seats, microwaves, even paper clips.

01:34All of these products that move through global markets come from China.

01:37Noting this is just the tip of the iceberg.

01:41Jerry Willis, Fox Business.

01:42The tip of the iceberg is the tip of the iceberg.

01:43The tip of the iceberg is the tip of the iceberg.

01:44The tip of the iceberg is the tip of the iceberg.

01:45The tip of the iceberg is the tip of the iceberg.

01:46The tip of the iceberg is the tip of the iceberg.

01:47The tip of the iceberg is the tip of the iceberg.

01:48The tip of the iceberg is the tip of the iceberg.

01:49The tip of the iceberg is the tip of the iceberg.

01:50The tip of the iceberg is the tip of the iceberg.

01:51The tip of the iceberg is the tip of the iceberg.

01:52The tip of the iceberg is the tip of the iceberg.

01:53The tip of the iceberg is the tip of the iceberg.

01:54The tip of the iceberg is the tip of the iceberg.

01:55The tip of the iceberg is the tip of the iceberg.

01:56The tip of the iceberg is the tip of the iceberg.