Business
Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China
Tariffs are up. Tariffs are down. Shipping is frozen. Shipping is back on.
In the past several weeks, Chinese imports to the U.S. have been on a seesaw, leaving Americans uncertain how tariffs will affect their lives.
It’s impossible to say what tariffs will do to the price or availability of any particular item, although even the Trump administration’s current level of 30 percent tariffs — on top of previous levies — will certainly make many things more expensive.
But thanks to detailed trade data, we know what Americans buy from China, and how much of it, and thus what might be most sensitive to future swings in trade status.
Here are several ways of understanding what’s on those container ships, based on 2024 data from the U.S. International Trade Commission.
First, the products where the greatest share of our imports are Chinese imports:
Goods Americans import almost exclusively from China
ITEM
Pct. from
ChinaImports
from China
in millions
1
Baby carriages
97%
$380
2
Artificial plants
96%
$991
3
Umbrellas
96%
$491
4
Filing cabinets
96%
$88
5
Vacuum flasks
96%
$1,634
6
Fireworks
95%
$465
7
Children’s picture books
93%
$505
8
Portable lighting
91%
$901
9
Combs
91%
$367
10
Travel kits
90%
$42
This list is the simplest way to think about which Chinese goods the U.S. relies on most. But percentages aren’t everything. Americans buy so much from China that even goods with smaller imported shares from there could still be significantly affected by tariffs.
Chinese goods that Americans spend the most on
ITEM
Pct. from
ChinaImports
from China
in millions
1
Telephones
42%
$50,085
2
Computers
26%
$35,473
3
Electric batteries
58%
$17,022
4
Other toys
76%
$13,463
5
Motor vehicles; parts and accessories
11%
$9,059
6
Video and card games
78%
$7,083
7
Video displays
33%
$6,770
8
Electric heaters
55%
$6,607
9
Seats
26%
$6,582
10
Packaged medications
6%
$6,146
This list skews slightly toward more expensive goods that the average American purchases infrequently, particularly electronics. But the International Trade Commission also tracks how many of each good the U.S. imports.
Chinese goods with huge U.S. import quantities
ITEM
Pct. from
ChinaItems imported
from China
in millions
1
Plastic housewares
79%
67,895
2
Other plastic products
45%
19,158
3
Plastic lids
22%
13,688
4
Electrical capacitors
11%
12,125
5
Semiconductor devices
3%
11,368
6
Electrical resistors
11%
9,276
7
Other toys
76%
6,390
8
Other cloth articles
64%
5,466
9
Shaped paper
38%
3,895
10
Low-voltage protection equipment
15%
3,626
In that list, you can see Americans’ well-documented reliance on China for plastic products.
Many of America’s major imports from China are consumer goods: things you buy for yourself, like clothes, housewares or entertainment. Drill down into those categories and specific products stand out.
For example, American wardrobes are somewhat dependent on China: about a fifth of U.S. clothing imports. But a majority of neckties and gloves and pantyhose are imported from China.
Clothing
ITEM
Pct. from
ChinaImports
from China
in millions
1
Hosiery
58%
$149
2
Neckties
57%
$52
3
Gloves
53%
$724
4
Handkerchiefs
53%
$13
5
Women’s and girls’ bathrobes
50%
$217
The U.S. is more reliant on China for things made with polyester and nylon (like pantyhose) than for those made with cotton.
Athletes, especially racket-sport players, are also dependent on China:
Sporting goods
ITEM
Pct. from
ChinaImports
from China
in millions
1
Badminton or similar rackets
94%
$64
2
Equipment for table tennis
81%
$34
3
Lawn-tennis rackets
70%
$41
4
Gym and athletic equipment
69%
$1,652
5
Other sports and pool equipment
64%
$1,345
There are also consumer-goods categories whose “Made in China” status may not be as well known. For example, the U.S. gets a lot of its imported string instruments — such as violins and cellos — from China.
Musical instruments
ITEM
Pct. from
ChinaImports
from China
in millions
1
String musical instruments played with a bow
83%
$31
2
Brass-wind instruments
44%
$49
3
Percussion musical instruments
36%
$42
4
Wind musical instruments except brass
27%
$48
5
Grand and upright pianos
4%
$4.8
The Japanese company Yamaha manufactures some of its instruments in China, including trumpets and drums.
The U.S. also relies on China for many of its vitamins …
Vitamin derivatives
ITEM
Pct. from
ChinaImports
from China
in millions
1
Vitamin B6
90%
$32
2
Vitamin B1
88%
$43
3
Vitamin B12
85%
$59
4
Vitamin C
73%
$139
5
Vitamin B3 and B5
72%
$35
… and eels. (China has a robust eel farming industry.)
Fish
ITEM
Pct. from
ChinaImports
from China
in millions
1
Preserved eel
95%
$38
2
Frozen cod-like fish
91%
$8.5
3
Frozen tilapia fillets
75%
$308
4
Dried, salted and brined cod-like fish fillets
69%
$37
5
Frozen flatfish fillets
65%
$58
Then there are the goods that the U.S. imports primarily to put inside other things, like car parts.
Car parts
ITEM
Pct. from
ChinaImports
from China
in millions
1
Vehicle windshields and window parts
32%
$358
2
Motor vehicle wheels and accessories
31%
$1,338
3
Vehicle parts: brakes, servo-brake and parts
25%
$1,697
4
Bumpers and parts for motor vehicles
5%
$79
5
Seat belts for motor vehicles
4%
$11
The U.S. relies heavily on Chinese imports to build electric vehicles in particular: Some 70 percent of its imported lithium-ion batteries are from China.
Even batteries made in the U.S. often rely on raw materials from China, particularly graphite. (China tightened its export controls on graphite at the end of last year, so this year’s numbers could end up looking very different.)
Critical minerals used in E.V. batteries
ITEM
Pct. from
ChinaImports
from China
in millions
1
Graphite and artificial graphite
62%
$376
2
Manganese ores, oxides and articles
37%
$86
3
Cobalt ores, oxides, hydroxides and articles
2%
$9.8
4
Nickel ores, oxides, hydroxides, sulphates and raw nickel
2%
$30
5
Lithium oxide, hydroxide and carbonate
1%
$2.6
Mr. Trump’s newest tariffs are not the only levies imposed on Chinese goods, and there’s a complicated interplay of which tariffs apply to which products. Some goods that a lot of Americans buy received exemptions from the latest tariffs (though perhaps not future ones), including one item the U.S. imports almost exclusively from China: children’s books.
Select exempted goods
ITEM
Pct. from
ChinaImports
from China
in millions
1
Children’s picture, drawing or coloring books
93%
$505
2
Smartphones
73%
$40,675
3
Portable computers
66%
$32,169
That’s a window into what Americans buy from China. But for some imports, the U.S. doesn’t rely on China. It’s a list that includes large vehicles, precious metals and tomatoes, all of which America imports largely from other countries.
Goods that the U.S. imports the least from China
ITEM
Total imports
in millions
1
Delivery trucks
$47,524
2
Other precious metal products
$21,231
3
Planes, helicopters, and/or spacecraft
$18,309
4
Diamonds
$15,938
5
Raw aluminum
$10,113
6
Refined copper
$8,627
7
Platinum
$6,973
8
Wine
$6,697
9
Other fruits
$5,923
10
Silver
$5,088
It’s also worth noting what America exports to China. Though the U.S. sends fewer goods to China than it receives, these could still be affected in a trade war. (China has been instituting its own exemptions, which are broader than those of the U.S.)
Goods that the U.S. exports the most to China
ITEM
Exports
to China
in millions
1
Soybeans
$12,761
2
Civilian aircraft
$11,522
3
Integrated circuits
$8,716
4
Vaccines, blood, antisera, toxins and cultures
$6,680
5
Petroleum gas
$6,187
6
Crude petroleum
$6,160
7
Cars
$4,931
8
Machines used to manufacture semiconductor devices, electronic integrated circuits or flat panel displays
$4,170
9
Medical instruments
$3,460
10
Scrap copper
$2,795
To let you take a closer look at what America does and doesn’t import from China, we’ve included a searchable list below of all goods for which the U.S. imported at least $20 million (from any country) in 2024, excluding America’s major exports.
ITEM
Pct. from
ChinaImports
from China
in millions
1
Baby carriages
97%
$380
2
Artificial plants
96%
$991
3
Umbrellas
96%
$491
4
Filing cabinets
96%
$88
5
Vacuum flasks
96%
$1,634
6
Fireworks
95%
$465
7
Children’s picture books
93%
$505
8
Portable lighting
91%
$901
9
Combs
91%
$367
10
Travel kits
90%
$42
11
Chalkboards
90%
$124
12
Party decorations
89%
$4,699
13
Umbrella and walking stick accessories
85%
$71
14
Other footwear
84%
$972
15
Blankets
82%
$1,398
16
Other cutlery
82%
$140
17
Iron housewares
81%
$3,155
18
Bells and other metal ornaments
81%
$911
19
Ceramic tableware
80%
$835
20
Other domestic electric housewares
80%
$2,696
21
Other musical instruments
80%
$22
22
Other clocks
80%
$110
23
Scissors
79%
$123
24
Plastic housewares
79%
$6,079
25
Video and card games
78%
$7,083
26
Other toys
76%
$13,463
27
Cooking hand tools
74%
$106
28
Wood frames
74%
$149
29
Sound recording equipment
72%
$812
30
Aluminum housewares
72%
$1,143
31
Postcards
72%
$273
32
Glycosides
71%
$215
33
Manganese
71%
$85
34
Electric filament
70%
$1,882
35
Scent sprays
70%
$173
36
Cutlery sets
69%
$309
37
Image projectors
68%
$38
38
Graphite
68%
$96
39
Wood ornaments
68%
$394
40
Phosphoric esters and salts
67%
$82
41
Glass bricks
66%
$99
42
Wheelchairs
66%
$273
43
Pearl products
65%
$605
44
Walking sticks
65%
$28
45
Imitation jewelry
65%
$602
46
Brooms
64%
$1,241
47
Other cloth articles
64%
$3,589
48
Fake hair
64%
$879
49
Ornamental ceramics
63%
$328
50
Wood kitchenware
63%
$267
51
Other knit clothing accessories
63%
$186
52
Awnings, tents, and sails
62%
$546
53
Iron sewing needles
62%
$23
54
Iron stovetops
62%
$2,278
55
Pastes and waxes
62%
$200
56
Safes
62%
$212
57
Calendars
61%
$73
58
Interior decorative glassware
60%
$806
59
Artificial graphite
60%
$280
60
Knives
59%
$463
61
Fishing and hunting equipment
59%
$512
62
Watch straps
58%
$121
63
Electric batteries
58%
$17,022
64
Molybdenum
58%
$109
65
Other headwear
57%
$328
66
Neck ties
57%
$52
67
Sports equipment
56%
$4,283
68
Knit gloves
56%
$602
69
Knit socks and hosiery
55%
$1,320
70
Electric heaters
55%
$6,607
71
Hats
55%
$62
72
Mattresses
54%
$2,200
73
Processed mica
54%
$26
74
Other non-knit clothing accessories
54%
$111
75
Porcelain tableware
54%
$179
76
Rubber footwear
54%
$3,440
77
Bedspreads
54%
$422
78
Handkerchiefs
53%
$13
79
Woven fabrics
52%
$120
80
Bladed weapons and accessories
52%
$12
81
Other articles of twine and rope
51%
$76
82
Hair trimmers
51%
$343
83
Gimp yarn
51%
$41
84
Inedible fats and oils
50%
$1,177
85
Cameras
49%
$229
86
Artistry paints
48%
$63
87
Eyewear frames
47%
$595
88
Bathroom ceramics
46%
$725
89
Mannequins
46%
$32
90
Window dressings
46%
$564
91
Magnesium carbonate
46%
$97
92
Other carpets
45%
$132
93
Plastic wash basins
45%
$273
94
Smoking pipes
45%
$12
95
Electromagnets
45%
$487
96
Other zinc products
44%
$125
97
Pulley systems
44%
$653
98
Waterproof footwear
44%
$65
99
Non-knit gloves
43%
$122
100
Carbides
42%
$147
101
Telephones
42%
$50,085
102
Tool sets
42%
$38
103
Bicycles, delivery tricycles, other cycles
42%
$417
104
Medical furniture
42%
$537
105
Locust beans, seaweed, sugar beet, cane
41%
$100
106
Microphones and headphones
41%
$5,365
107
Iron anchors
41%
$18
108
Monopods, bipods, tripods and similar articles
41%
$24
109
Eyewear
40%
$1,023
110
Scarves
40%
$124
111
Other hand tools
39%
$570
112
Electric musical instruments
39%
$232
113
Rubber stamps
39%
$14
114
Iron toiletry
38%
$238
115
Scales
38%
$329
116
Iron oxides and hydroxides
38%
$82
117
Felt or coated fabric garments
38%
$825
118
Metal office supplies
38%
$57
119
Other knit garments
37%
$550
120
Motor-working tools
37%
$2,742
121
Light fixtures
36%
$3,344
122
Garments of impregnated fabric
36%
$67
123
Hand tools
36%
$169
124
Percussion
36%
$42
125
Pens
35%
$393
126
Textile footwear
35%
$2,760
127
Saddlery
35%
$198
128
Spring, air, and gas guns
35%
$73
129
Carboxyimide compounds
35%
$102
130
Other wood articles
35%
$597
131
Electrical insulators
34%
$135
132
Knit women’s undergarments
34%
$1,100
133
House linens
34%
$1,989
134
Toilet paper
34%
$678
135
Wind instruments
34%
$97
136
Metal mountings
34%
$2,945
137
Plastic floor coverings
34%
$1,419
138
Knit active wear
33%
$226
139
Garden tools
33%
$136
140
Titanium oxides
33%
$20
141
Video displays
33%
$6,770
142
Bi-wheel vehicle parts
33%
$519
143
Video recording equipment
33%
$179
144
Glass beads
32%
$45
145
Therapeutic appliances
32%
$2,033
146
Safety glass
31%
$416
147
Pencils and crayons
31%
$99
148
Iron chains
31%
$216
149
Knitted hats
31%
$654
150
Non-knit women’s coats
29%
$562
151
Printed circuit boards
29%
$747
152
Iron cloth
29%
$168
153
Vacuum cleaners
29%
$896
154
Other cast iron products
29%
$160
155
Sound recordings
29%
$448
156
Ketones and quinones
28%
$278
157
Paper notebooks
28%
$269
158
Ornamental trimmings
28%
$11
159
Rubber inner tubes
28%
$21
160
Non-knit men’s coats
28%
$547
161
Wrenches
27%
$227
162
Other women’s undergarments
27%
$640
163
Vending machines
27%
$70
164
Embroidery
27%
$29
165
Labels
26%
$11
166
Other metals
26%
$182
167
Seats
26%
$6,582
168
Oxygen heterocyclic compounds
26%
$432
169
Knit men’s undergarments
26%
$427
170
Chromium oxides and hydroxides
26%
$6.8
171
Computers
26%
$35,473
172
Copper housewares
26%
$25
173
Nucleic acids
25%
$880
174
Basketwork
24%
$140
175
Boat propellers
24%
$149
176
Vegetable and mineral carvings
24%
$96
177
Knit women’s coats
24%
$199
178
Twine, cordage or rope; knotted netting, fishing nets and other nets, of textile materials
24%
$13
179
Time switches
24%
$15
180
Nitrogen heterocyclic compounds
24%
$1,167
181
Oxygen amino compounds
24%
$425
182
Motorcycles and cycles
23%
$907
183
Calculators
23%
$260
184
Non-knit active wear
23%
$536
185
Padlocks
23%
$662
186
Wool grease
23%
$5.8
187
Wallpaper
23%
$27
188
Trunks and cases
23%
$2,613
189
Iron nails
23%
$220
190
Aluminum ore
22%
$35
191
Air pumps
22%
$3,494
192
Coated textile fabric
22%
$23
193
Knit babies’ garments
22%
$374
194
Carboxyamide compounds
22%
$249
195
Household washing machines
22%
$502
196
Non-knit women’s undergarments
22%
$106
197
Other furniture
22%
$5,718
198
Woodworking machines
21%
$297
199
Worked slate
21%
$9.8
200
Vegetable saps
21%
$348
201
Non-knit women’s suits
21%
$2,160
202
Woven fabric of synthetic staple fibers
21%
$8.1
203
Commodities not elsewhere specified
21%
$5,136
204
Rubber apparel
21%
$558
205
Balances
21%
$25
206
Leather footwear
21%
$2,404
207
Glass bottles
21%
$343
208
Knit women’s suits
21%
$1,106
209
Plastic building materials
21%
$578
210
Barium sulphate
20%
$40
211
Knit sweaters
20%
$2,570
212
Refrigerators
19%
$2,585
213
Air conditioners
19%
$2,876
214
Wooden tool handles
19%
$9.2
215
Sanitary towels (pads)
19%
$341
216
Vegetable alkaloids
19%
$86
217
Navigation equipment
18%
$799
218
Carboxylic acids
18%
$267
219
Decals
18%
$20
220
Stone working machines
18%
$67
221
Non-knit women’s shirts
18%
$326
222
Non-knit babies’ garments
18%
$58
223
Aluminum foil
18%
$243
224
Watch cases and parts
18%
$4.6
225
Knit men’s coats
17%
$142
226
Copper pipe fittings
17%
$178
227
Gum coated textile fabric
17%
$14
228
Broadcasting equipment
17%
$1,924
229
Refractory bricks
17%
$47
230
Warp knit fabrics
16%
$55
231
Inhalable tobacco/nicotine products
16%
$93
232
Stranded iron wire
16%
$155
233
Metal molds
16%
$359
234
Hydrazine or hydroxylamine derivatives
16%
$23
235
Pearls
15%
$12
236
Spices
15%
$62
237
Onions
15%
$126
238
Building stone
14%
$395
239
Vegetable waxes and beeswax
14%
$9.4
240
Hand saws
14%
$126
241
Packing bags
14%
$98
242
Agglomerated cork
14%
$17
243
Audio alarms
14%
$519
244
Hot-rolled stainless steel bars
14%
$20
245
Book-binding machines
14%
$29
246
Silk fabrics
14%
$5.3
247
Metal stoppers
13%
$138
248
Letter stock
13%
$28
249
Conveyor belt textiles
13%
$15
250
Rolling machines
13%
$46
251
Electrical ignitions
13%
$590
252
Retail artificial filament yarn
13%
$5.3
253
Rubber belting
13%
$105
254
Other leather articles
13%
$19
255
Sewing machines
13%
$53
256
Other vegetable oils
13%
$31
257
Textile wall coverings
13%
$4.7
258
Tufted carpets
13%
$138
259
Casting machines
13%
$60
260
Fish fillets
13%
$951
261
Mirrors and lenses
13%
$195
262
Diazo, azo or azoxy compounds
13%
$6.2
263
Electric motors
12%
$1,603
264
Furskin apparel
12%
$12
265
Industrial printers
12%
$1,787
266
Iron wire
12%
$75
267
Electrical transformers
12%
$3,539
268
Milling stones
12%
$68
269
Other office machines
12%
$116
270
Granulated slag
12%
$26
271
Other heating machinery
12%
$1,066
272
Other clocks and watches
12%
$6.5
273
Sulfonamides
12%
$134
274
Dried/salted/smoked/brined fish
12%
$49
275
Leather apparel
12%
$164
276
Non-knit men’s undergarments
12%
$26
277
Polycarboxylic acids
12%
$181
278
Electrical parts
11%
$35
279
Antimony
11%
$11
280
Engine parts
11%
$1,228
281
Insulated wire
11%
$3,448
282
Rubber pipes
11%
$253
283
Aluminum structures
11%
$307
284
Electrical resistors
11%
$109
285
Non-knit men’s suits
11%
$884
286
Other electrical machinery
11%
$1,798
287
Electrical capacitors
11%
$200
288
Motor vehicles; parts and accessories
11%
$9,059
289
Worked ivory and bone
11%
$4.3
290
Hard rubber
11%
$3.3
291
Other processed fruits and nuts
11%
$449
292
Microscopes
11%
$60
293
Radio receivers
11%
$404
294
Unprocessed artificial staple fibers
11%
$26
295
Electric motor parts
11%
$368
296
Knit men’s suits
10%
$234
297
Other processed vegetables
10%
$202
298
Insulating glass
10%
$37
299
Other meat
10%
$6.6
300
Retail artificial staple fibers yarn
10%
$15
301
Tea
10%
$55
302
Razor blades
10%
$67
303
Iron structures
10%
$854
304
Non-knit men’s shirts
10%
$261
305
Non-mechanical removal machinery
10%
$90
306
Other slag and ash
10%
$3.6
307
Pepper
9%
$104
308
Wood fiberboard
9%
$120
309
Machinery having individual functions
9%
$1,265
310
Papermaking machines
9%
$67
311
Metalworking machines
9%
$30
312
Retail cotton yarn
9%
$4.5
313
Dried fruits
9%
$32
314
Office machine parts
9%
$4,499
315
Knit t-shirts
9%
$572
316
Knitting machines
9%
$11
317
Light pure woven cotton
9%
$32
318
Steel wire
9%
$20
319
Fork-lifts
8%
$691
320
Knit women’s shirts
8%
$167
321
Hand-woven rugs
8%
$130
322
Stone processing machines
8%
$178
323
Gelatin
8%
$24
324
Pumice
8%
$4.6
325
Drilling machines
8%
$30
326
Light mixed woven cotton
8%
$4.1
327
Electrical lighting and signaling equipment
8%
$532
328
Pharmaceutical rubber products
8%
$6.3
329
Cement articles
8%
$198
330
Jute woven fabric
8%
$3.0
331
Other live plants, cuttings and slips;
mushroom spawn8%
$70
332
Iron pipes
7%
$224
333
Other agricultural machinery
7%
$95
334
Washing and bottling machines
7%
$431
335
Sugar preserved foods
7%
$2.5
336
Knit men’s shirts
7%
$153
337
Leather machinery
7%
$2.3
338
Feldspar
7%
$18
339
Rubberworking machinery
7%
$228
340
Metal-rolling mills
7%
$95
341
Lifting machinery
7%
$545
342
Electrical control boards
7%
$1,252
343
Blown glass
6%
$4.8
344
Mollusks
6%
$78
345
Flax woven fabric
6%
$7.9
346
Magnesium
6%
$22
347
Used rubber tires
6%
$29
348
Central heating boilers
6%
$29
349
Pasta
6%
$109
350
Textile processing machines
6%
$117
351
Traffic signals
6%
$28
352
Glass with edge workings
6%
$14
353
Other vegetable products
6%
$10
354
Packaged medications
6%
$6,146
355
Plant foliage
6%
$15
356
Quilted textiles
6%
$1.5
357
Tobacco processing machines
6%
$5.4
358
Wood carpentry
6%
$188
359
Frozen vegetables
6%
$80
360
Candles
6%
$62
361
Perfume plants
6%
$29
362
Processed fish
6%
$116
363
Scrap nickel
6%
$22
364
Yeast
6%
$31
365
Tool plates
5%
$57
366
Copper plating
5%
$54
367
Other paper machinery
5%
$75
368
Polyamide fabric
5%
$16
369
Other non-metal removal machinery
5%
$14
370
Large construction vehicles
5%
$529
371
Fruit juice
5%
$189
372
Other edible animal products
5%
$1.1
373
Plywood
5%
$138
374
Processed crustaceans
5%
$148
375
Unprocessed synthetic staple fibers
5%
$36
376
Confectionery sugar
5%
$149
377
Other animals
5%
$15
378
Radioactive chemicals
5%
$324
379
Metal-clad products
5%
$2.7
380
Nitrites and nitrates
5%
$6.4
381
Antiques
4%
$36
382
Coffee and tea extracts
4%
$56
383
Pianos
4%
$4.5
384
Reclaimed rubber
4%
$4.5
385
Metal finishing machines
4%
$22
386
Tapioca
4%
$2.3
387
Forging machines
4%
$70
388
Insect resins
4%
$5.4
389
Rubber tires
4%
$760
390
Photographic plates
4%
$28
391
Textile scraps
4%
$4.5
392
Other oily seeds
4%
$16
393
Processed mushrooms
4%
$4.9
394
Cranes
4%
$66
395
Tungsten ore
3%
$1.6
396
Animal extracts
3%
$0.78
397
Base metal watches
3%
$160
398
Paper pulp filter blocks
3%
$0.65
399
Felt machinery
3%
$3.4
400
Revolution counters
3%
$49
401
Curbstones
3%
$2.7
402
Other small iron pipes
3%
$111
403
Salt
3%
$15
404
Jewelry
3%
$411
405
Blank audio media
3%
$504
406
Pickled foods
3%
$17
407
Cobalt oxides and hydroxides
3%
$0.90
408
Other pure vegetable oils
3%
$27
409
Semiconductor devices
3%
$557
410
Aircraft parts for spacecraft, UAVs, and ground equipment
2%
$384
411
Iron blocks
2%
$26
412
Starches
2%
$11
413
Carded wool or animal hair fabric
2%
$0.58
414
Collector’s items
2%
$7.3
415
Utility meters
2%
$41
416
Densified wood
2%
$0.65
417
Linoleum
2%
$0.69
418
Copper pipes
2%
$23
419
Photographic paper
2%
$0.46
420
Metal lathes
2%
$19
421
Vegetable parchment
2%
$7.5
422
Coated flat-rolled iron
2%
$102
423
Spice seeds
2%
$2.2
424
Cars
2%
$3,588
425
Gas turbines
2%
$497
426
Gravel and crushed stone
2%
$4.1
427
Knotted carpets
2%
$5.7
428
Non-retail artificial staple fibers yarn
2%
$0.32
429
Synthetic reconstructed jewelry stones
2%
$17
430
Cigarette paper
1%
$3.9
431
Chlorates and perchlorates
1%
$2.4
432
Ground nut oil
1%
$0.94
433
Shaped wood
1%
$19
434
Cloves
1%
$0.35
435
Retail wool or animal hair yarn
1%
$0.65
436
Dolomite
1%
$0.52
437
Ferroalloys
1%
$28
438
Hydrochloric acid
1%
$0.77
439
Combed wool or animal hair fabric
1%
$0.59
440
Leather further prepared after tanning or crusting of animals (other than ovine)
1%
$0.30
441
Wood charcoal
1%
$1.1
442
Aquatic invertebrates, other than crustaceans and mollusks
0.9%
$0.50
443
Non-retail combed wool yarn
0.9%
$0.42
444
Other large iron pipes
0.9%
$6.8
445
Baked goods
0.8%
$88
446
Coin
0.8%
$22
447
Leather of other animals
0.8%
$2.7
448
Nutmeg, mace and cardamons
0.8%
$0.37
449
Other firearms
0.8%
$5.4
450
Perfumes
0.8%
$45
451
Preserved vegetables
0.8%
$0.38
452
Watch movements
0.8%
$0.24
453
Tissue
0.7%
$4.1
454
Aluminum wire
0.6%
$5.7
455
Cinnamon
0.6%
$0.96
456
Raw iron bars
0.6%
$5.0
457
Vaccines, blood, antisera, toxins and cultures
0.6%
$618
458
Hard liquor
0.5%
$59
459
Jams
0.5%
$3.2
460
Sawn wood
0.5%
$38
461
Stranded aluminum wire
0.5%
$2.0
462
Vehicle bodies for the motor vehicles
0.5%
$3.8
463
Biodiesel and mixtures thereof
0.4%
$6.9
464
Coconut and other vegetable fibers
0.4%
$0.19
465
Live fish
0.4%
$0.34
466
Natural cork articles
0.4%
$0.66
467
Chocolate
0.3%
$15
468
Frozen fruits and nuts
0.3%
$3.8
469
Hat forms
0.3%
$0.14
470
Metalworking transfer machines
0.3%
$3.9
471
Particle board
0.3%
$7.3
472
Pitch coke
0.3%
$0.27
473
Tractors
0.3%
$48
474
Zinc oxide and peroxide
0.3%
$0.94
475
Citrus
0.2%
$3.2
476
Coffee
0.2%
$22
477
Crustaceans
0.2%
$13
478
Cut flowers
0.2%
$3.8
479
Gypsum
0.2%
$0.40
480
Halogens
0.2%
$0.67
481
Linseed
0.2%
$0.25
482
Motor vehicle chassis fitted with engine
0.2%
$0.39
483
Other fermented beverages
0.2%
$0.70
484
Other vegetables
0.2%
$11
485
Precious stones
0.2%
$4.7
486
Processed cereals
0.2%
$0.95
487
Raw lead
0.2%
$1.5
488
Seed oils
0.2%
$0.49
489
Semi-finished iron
0.2%
$5.6
490
Stainless steel ingots
0.2%
$1.1
491
Uncoated paper
0.2%
$3.7
492
Wheat flours
0.2%
$0.61
493
Wheat gluten
0.2%
$0.67
494
Aircraft launch gear
0.1%
$0.48
495
Bananas
0.1%
$1.7
496
Beer
0.1%
$3.9
497
Cereal flours
0.1%
$0.42
498
Chromium ore
0.1%
499
Cocoa powder
0.1%
$0.23
500
Nitrogenous fertilizers
0.1%
$2.3
501
Other vegetable residues
0.1%
$1.1
502
Precious metal watches
0.1%
$2.2
503
Raw sugar
0.1%
$2.5
504
Raw zinc
0.1%
$2.0
505
Sulphur
0.1%
$0.48
506
Tropical fruits
0.1%
$4.2
507
Unglazed ceramics
0.1%
$1.2
508
Water
0.1%
$0.67
509
Ammonia
510
Asphalt mixtures
511
Borax
512
Bovine
513
Bovine, sheep, and goat fat
514
Bulbs and roots
515
Butter
516
Calcium phosphates
517
Casein
518
Cement
$0.52
519
Cocoa beans
520
Cocoa butter
521
Cocoa paste
522
Coconut oil
$0.52
523
Coconuts, brazil nuts, and cashews
524
Cucumbers
525
Delivery trucks
$12
526
Diamonds
$0.93
527
Electricity
528
Grapes
$0.20
529
Handguns
530
Honey
531
Horses
532
Hot-rolled iron bars
$0.25
533
Iron reductions
534
Legumes
$0.13
535
Manganese ore
536
Melons
537
Molasses
538
Newsprint
539
Non-fillet fresh fish
$0.92
540
Oats
541
Olive oil
542
Other animal fats
543
Other fruits
$2.9
544
Other precious metal products
$2.9
545
Palm oil
546
Peat
547
Phosphatic fertilizers
548
Pig iron
549
Pigs
550
Planes, helicopters, and/or spacecraft
$0.14
551
Platinum
$0.32
552
Potassic fertilizers
$0.28
553
Pure olive oil
554
Rapeseed oil
$0.56
555
Raw aluminum
$2.7
556
Raw nickel
$0.48
557
Raw tin
$0.11
558
Refined copper
$2.3
559
Rolled tobacco
$0.49
560
Rubber
$0.40
561
Rye
562
Self-propelled rail transport
563
Semi chemical woodpulp
564
Sheep and goat meat
565
Silver
$0.48
566
Steel bars
567
Steel ingots
$0.16
568
Sulfite chemical woodpulp
569
Sulfuric acid
570
Titanium ore
571
Tomatoes
572
Uranium and thorium ore
573
Vanilla
574
Vermouth
575
Wine
$0.12
576
Zinc powder
About the data
We analyzed U.S. International Trade Commission data on goods imported for consumption in 2024. We used product descriptions from the Observatory of Economic Complexity to label the goods, and edited these descriptions lightly.
For the lists of major imports and exports, and the full searchable list, we grouped goods using the first four digits of their code in the Harmonized Tariff Schedule, which lists categories of products. For more specific lists of goods within these categories, we looked at the first six digits of the product code.
We excluded goods that are widely produced in the U.S., using export data to remove goods where the U.S. exports at least 50 percent of what it imports by value. (We did not do this for the critical minerals or imports by quantity data.)
Business
Do I have to transfer my 401(k) money when I retire?
Dear Liz: When I retired, I had a small 401(k) with about $12,000 in it. Instead of rolling that money into an IRA, I took a distribution and paid taxes on it. I had no immediate need for the remaining funds, so eventually I opened a new IRA account and deposited the money.
I now realize I should have put it in a Roth IRA so I wouldn’t face double taxation on the money. This is the stupidest thing I’ve done in recent memory. Is there any legal mechanism I can use to get that money out and into a Roth without paying taxes the second time?
Answer: You made a mistake, but probably not the one you think.
You can’t contribute to an IRA — or a Roth IRA, for that matter — if you don’t have earned income. So if you’ve fully retired, you should contact your IRA administrator and let them know you need to withdraw your “excess contribution” as well as any earnings the contribution has made.
If you contributed this year, you have until your tax filing deadline — typically April 15, 2026 — to remove the funds without penalty. If you contributed in a previous year, you’ll typically face a 6% excise tax for each year the money remained in your account.
Now, a warning about financial mistakes: They tend to become more common as we age. That can be incredibly unsettling, especially to do-it-yourselfers used to handling finances competently on their own. Retirement is a good time to start implementing some guardrails to protect ourselves and our money.
Hiring a tax pro would be a good first step. Anything to do with a retirement fund should be run past this pro first to make sure you’re following the tax rules.
Dear Liz: In response to a reader who asked about creating a will, you suggested options for low-cost online resources. That is great! But, I would encourage you to remind readers to designate beneficiaries on accounts and assets where that option is available.
While they should still have a will, many readers may not know that they can add beneficiaries to brokerage, checking, and savings accounts (in addition to IRA and retirement accounts) so that their assets will pass directly to the designated beneficiaries and not have to go through probate with the extra hassle, time and expense.
For those without a trust, designating beneficiaries may be the easiest way to pass on many of their assets. In California (and some other states), even houses may pass without probate with a transfer-on-death deed. Many readers may not know about the option to add beneficiaries, and you would do your readers a service by educating them about it.
Answer: Anyone adding beneficiaries to accounts needs to be aware of some major potential drawbacks.
A big one involves settling the estate. If all available funds are transferred directly to beneficiaries, the person settling the estate may not have enough cash to do their job.
Beneficiary designations can also result in unintentionally unequal distributions if there’s more than one heir, and complications if the beneficiaries die first or aren’t changed appropriately as life circumstances change.
That’s not to say that beneficiary designations are the wrong choice, but they’re certainly not a one-size-fits-all option.
Dear Liz: Your recent column about advanced directives said that people could get a free version at PrepareForYourCare.org. I found there is a charge. Is this for all online directives?
Answer: Prepare is a free site supported by donations, grants and licensing agreements. If you were asked to pay, you either clicked the donate button or weren’t on the correct site.
Liz Weston, Certified Financial Planner, is a personal finance columnist. Questions may be sent to her at 3940 Laurel Canyon, No. 238, Studio City, CA 91604, or by using the “Contact” form at asklizweston.com.
Business
President Trump Wants to Be Everywhere, All the Time
To understand how Mr. Trump has achieved this omnipresence, The New York Times reviewed the first 329 days of his second term, finding at least one instance each day when he attracted the public’s attention to himself and his actions.
The review encompassed more than 250 media appearances, more than 320 official appearances, and more than 5,000 Truth Social posts or reposts. The analysis shows that while Mr. Trump has lagged his predecessors in his number of official appearances, he has pursued a raft of innovative methods to force himself into the public consciousness on a daily, and sometimes even hourly, basis.
The battery of activity started from the moment he was inaugurated, when he traveled from the Capitol Building to the Capital One Arena to publicly sign a flurry of executive orders.
Since then, he has stayed in the public eye in part by doing things no president has ever done. High-stakes Oval Office meetings, like his negotiations with President Volodymyr Zelensky of Ukraine, are held on-camera and broadcast live on global news networks. His Q.-and-A. sessions with reporters frequently last an hour or more.
He regularly airs his opinions – on social media, in discursive asides at rallies – about idiosyncratic subjects that range widely across the zeitgeist, from Sydney Sweeney’s sexy denim ads to the redesigned logo of the Cracker Barrel restaurant chain to the mysterious fate of the aviator Amelia Earhart, who vanished over the Pacific Ocean in 1937.
And his engagement with the news media has soared well beyond the start of his first administration.
Through Dec. 14, Mr. Trump took reporters’ questions on 449 occasions, compared with 223 during the same period of his first term. On average, Mr. Trump has interacted with journalists roughly twice a day, doubling his rate from 2017, according to Martha Joynt Kumar, a Towson University political scientist who tracks presidential press interactions. Mr. Trump limits which news outlets can ask questions at small events, but in sheer volume, he is the most media-accessible modern president, and far outpaces his predecessor, Joseph R. Biden Jr.
“Reporters will be in my office asking me for the president’s reaction to a breaking news story,” Karoline Leavitt, the White House press secretary, said in an interview. “And I’ll just say to them, ‘I don’t know, why don’t you ask him yourself in 30 minutes?’”
President Trump’s media appearances have soared this year, more than doubling both the Biden administration’s and those of his own first term.
Finding the Cameras
Many of his public moments go viral online, like his diatribe about restoring the name of the Washington Redskins, or the A.I.-generated video meme he posted of himself dribbling a soccer ball with Cristiano Ronaldo in the Oval Office. They take on a life of their own, rippling across social media and dissected and amplified by influencers and mass media platforms alike.
The result is a president whose not-so-inner monologue is injected into our daily lives in myriad ways, when we are watching TV on the weekends or idly scrolling the web – a Greek chorus for our national narrative.
“He’s the most ubiquitous president ever,” said Douglas Brinkley, the presidential historian.
The media strategy aligns with his political strategy.
Dating back to his years as an outspoken real estate developer and reality TV star, Mr. Trump has relished being unavoidable for comment. But at age 79, he has been outdoing his younger self. And there is a logic to his logorrhea.
Mr. Trump’s allies often speak of the political benefits of flooding the zone: pursuing so many policies, ideas, and dramatic restructurings of the normal ways of governance as to overwhelm the system. “All pedal, no brake,” as Stephen K. Bannon, Mr. Trump’s one-time adviser, has called it.
“We joke internally that he is our ultimate director of communications,” Ms. Leavitt said. “He has incredible media instincts, and he is the final decision maker on all policy, and he has been in a ‘flood the zone,’ ‘do as much as possible’ mindset since he walked into the Oval Office on Jan. 20.”
All presidents benefit from the awesome news-making powers of the office, with its agenda-setting influence over a dedicated global press corps. But Mr. Trump has outstripped his predecessors in whipsawing the public’s attention onto matters small and large – and limiting the level of scrutiny that any one shocking remark or policy proposal receives.
“People can really only focus on a handful of things a day,” said Bill Burton, a deputy White House press secretary under former President Barack Obama. “This attention flood is working for Trump because he is able to do an extraordinary amount of executive actions and very little of it can get attention.”
Or as Mr. Brinkley put it: “He plays to win the day, every day, around the clock.”
His commentary takes on a life of its own.
One of Mr. Trump’s political assets is his instinct for virality.
With a natural feel for the web, Mr. Trump has a knack for amplifying wacky memes and pop culture curios that can drive days of online discourse. Sometimes, coverage of his offhand remarks or late-night social media posts can crowd out the more significant, norm-shattering changes he is making to American governance.
Late one Friday night in May, the president posted an obviously A.I.-generated image of himself as the pope. It struck a nerve.
Mr. Trump had already courted controversy days earlier, after the death of Pope Francis on April 21.
“I’d like to be pope,” the president told reporters who asked about who should become the next pontiff. “That would be my number one choice.”
The comment disturbed some Catholics, who said the notion was crude and insensitive. That reaction seemed only to prompt Mr. Trump to double down, posting the A.I.-generated image to his Truth Social account days later. By the weekend it had become a cultural phenomenon, mocked on “Saturday Night Live” and called out by experts as an example of misleading A.I. content.
After Mr. Trump posts the A.I. image …
May 2
Trump posts A.I. image of himself as Pope
There is nothing clever or funny about this image, Mr. President. We just buried our beloved Pope Francis and the cardinals are about to enter a solemn conclave to elect a new successor of St. Peter. Do not mock us.
May 3
NYS Catholic Conference says “do not mock us”
May 3
“Saturday Night Live” covers fake image
May 3 Vatican asked about image, declines to comment
May 4
Cardinal Joseph Tobin of New Jersey criticizes image as “not good”
May 4
JD Vance defends Trump on X, calling it a joke … some Catholics were outraged, prompting a news cycle focused on the controversy …
5
Says “the Catholics loved it”
… before Mr. Trump suggested he had nothing to do with it.
Mr. Trump, who is not Catholic, had plenty of defenders, too. They said his commentary and the A.I. image were simply jokes, part of the president’s unique comedic style.
“As a general rule, I’m fine with people telling jokes and not fine with people starting stupid wars that kill thousands of my countrymen,” Vice President JD Vance, who is Catholic, wrote on X.
In his quest for attention, the president is often aided by a cottage industry of right-wing influencers and activists who are primed to syndicate, reinforce and defend whatever content he pushes out each day. For this conservative media ecosystem, Mr. Trump’s messaging and commentary are the raw fuel that drives clicks, shares and views.
On June 7, the president’s visit to a raucous U.F.C. fight – complete with a “Trump dance” entrance into the arena – generated an immediate spike in online interest, including about 50,000 posts on X. Five days later, when he promoted a “Trump gold card” visa, his announcement led to roughly 30,000 posts on X.
A barrage that distracts from bad news.
One pattern in Mr. Trump’s behavior: When his administration is faced with bad news, he launches a fusillade of distraction.
This can take the form of outlandish, out-of-left-field claims about political opponents. Or he might weigh in on a pop culture subject far afield from Washington politics – from the ratings of late-night hosts like Seth Meyers to the physical appearance of a megastar like Taylor Swift.
The events of July 2025 offer a case in point.
As the Jeffrey Epstein files returned to the news – along with speculation that Mr. Trump might appear in them – the president embarked on a breathtaking series of tangents. Mr. Trump claimed without evidence that former President Bill Clinton had bankrolled an effort by senior intelligence officials to frame him for a crime, mused about stripping the actress Rosie O’Donnell of her U.S. citizenship, and accused the singer Beyoncé of accepting millions of dollars to endorse his erstwhile rival, former Vice President Kamala Harris.
July 8
F.B.I. publishes memo about Epstein files On July 8, the F.B.I. said it would not declassify more Epstein files.
10
Claimed intelligence officials tried to frame him
10
Pushed to defund NPR and PBS
10 Directed ICE to arrest protesters
12
Threatened Rosie O’Donnell’s citizenship
15
Claimed Adam Schiff engaged in mortgage fraud Over the following days, Mr. Trump seemed to lash out in every direction.
On July 18, the Justice Department filed a request to unseal grand jury testimony about Mr. Epstein, again raising questions about Mr. Trump’s involvement. The president promptly lobbed insults at late-night talk show hosts, dismissed the Epstein affair as “fake news” and shared fresh claims about a supposed Obama administration plot to undermine him after the 2016 election.
July 18
Request filed to unseal grand jury testimony
On July 18, the Department of Justice filed a request — later denied — to unseal grand jury testimony.
20
Criticized Washington Commanders name
21
Called the “Russia hoax” the “crime of the century”
22
Called Epstein controversy “fake news”
22
Criticized Kimmel and Fallon
24 Criticized Federal Reserve chairman
Over the following days, Mr. Trump bounced from topic to topic.
On July 25, The Wall Street Journal published a major scoop: The paper had unearthed a risqué birthday letter that Mr. Trump had apparently written to Mr. Epstein in 2003. Mr. Trump responded with his attack on Beyoncé and revived his threat to revoke the broadcast licenses of TV networks. Then he announced the imminent construction of an enormous gilded ballroom at the White House, at a cost of $200 million. (He has since revised the cost upward to $400 million.)
Asked if there was a deliberate strategy to distract from negative news, Ms. Leavitt noted that every administration seeks to minimize unhelpful headlines.
“Yes, there have been times in which we’ve tried to do that, but also often it just happens naturally, because the president is willing to weigh in on so many subjects,” she said. “Sometimes it’s really not deliberate. It’s just him speaking his mind on whatever news cycle or news story is brought to him in that moment.”
He has added tricks to his arsenal.
Mr. Trump’s devotion to Truth Social mirrors the hair-trigger Twitter habit of his first term; on one recent December evening, he posted 158 times between 9 p.m. and midnight. And he has continued to appear on Fox News with certain preferred hosts.
But this year, he has added to his media arsenal by appearing in many more public spaces that fall outside of a president’s typical itinerary.
Mr. Trump has stopped by a Washington Commanders N.F.L. game, popped up in the New York Yankees locker room, attended the Ryder Cup golf tournament and the men’s tennis final at the U.S. Open, sat ringside at numerous U.F.C. fights, and traveled to the Daytona 500. He is the first sitting president to attend a Super Bowl. When FIFA staged the Club World Cup final in New Jersey, Mr. Trump not only attended, but joined the winning team onstage for the trophy ceremony.
The net effect is a sense of inescapability, that no corner of American life remains Trump-free – which itself amounts to a potent expression of presidential authority and command. “His power, in part,” said Mr. Burton, the former Obama aide, “comes from the attention that people give him, or that he forces on them.”
Can it ever be too much?
In the fall of 2009, President Barack Obama appeared on David Letterman’s talk show, gave interviews to CNBC and Men’s Health magazine, and made the rounds of all five major network Sunday shows. Washington was abuzz about whether he was overexposed.
That debate sounds quaint today. But the question of whether a president can be too visible remains open.
“The public is being desensitized” to Mr. Trump’s omnipresence, argued Mr. Brinkley, the historian. “It starts becoming blather. The enemy for Trump isn’t Democrats; it’s the public being bored with the show.”
Ms. Leavitt said that if there was a risk to his ubiquity, “President Trump would not be president right now.” She added: “He is a businessman who speaks his mind and tells it like it is, and sometimes people don’t like that. But obviously the vast majority of our country does, or else he wouldn’t be in this office.”
During Mr. Trump’s first term, the public eventually tired of his frenzied pace. And in some ways, Mr. Trump appears to be slowing down physically as he approaches his 80th birthday in June (which he will celebrate in part by staging a nationally broadcast U.F.C. fight on the White House lawn). He has appeared to doze at some Oval Office meetings, and he is holding fewer formal public events than he did at this point in 2017.
Still, Mr. Trump and his team have embraced the everywhere-all-at-once nature of modern media. Average Americans, busy with work and family, do not tune in for daytime news conferences or Cabinet meetings. And 6:30 p.m. newscasts and local newspapers are no longer the primary vessels by which Americans learn about their commander-in-chief.
Instead, politics now suffuses our lives as a kind of ambient noise – via TikTok videos, social media posts, YouTube talk shows and family Facebook messages – never fully separate from our leisure pursuits. “Right now the game is attention, in terms of what’s culturally breaking through,” Mr. Burton said. “The fact that so much message exists is the point.”
Mr. Trump has both propelled this merging of culture and politics, and continues to strategically exploit it. In December, he became the first president to personally host the Kennedy Center Honors, comparing himself onstage to Johnny Carson and musing that he would do a better job than Jimmy Kimmel.
“This is the greatest evening in the history of the Kennedy Center,” Mr. Trump told the crowd. “Not even a contest. There has never been anything like it.”
His performance will air in prime time on CBS on Dec. 23.
Photo and video sources: Graham Dickie/The New York Times; Doug Mills/The New York Times; Roll Call Factba.se; PBS; Mauro Pimentel/Agence France-Presse — Getty Images; Kenny Holston/The New York Times; The New York Times; Annabelle Gordon/Reuters; Eric Lee/The New York Times; Fox; Cheriss May for The New York Times; Wilfredo Lee/Associated Press; Margo Martin, via Storyful; Mark Abramson for The New York Times; Global News; Al Drago/Getty Images; Fox News; Dave Sanders for The New York Times; Pete Marovich for The New York Times; Ted Shaffrey/Associated Press … Show all
Business
Why is Trump’s media company getting involved with nuclear power?
President Trump’s media company is merging with a nuclear fusion energy firm in a $6-billion deal aimed at generating more power amid growing demand from power-hungry artificial intelligence data centers.
The merger between Trump Media & Technology and TAE Technologies could lead to one of the world’s first publicly traded fusion energy companies, the two companies said Thursday.
What is TAE Technologies?
TAE Technologies is a private company based in Foothill Ranch, Calif. It has been raising funds for commercial-scale nuclear fusion, a method of energy production that supporters say could revolutionize access to electricity. Founded in 1998, the company has built and operated five fusion reactors and raised more than $1.3 billion.
Fusion uses the same process that powers the sun to produce potentially limitless energy. Experts say it hasn’t been achieved on a large scale because the process is volatile and expensive. TAE is trying to develop the technology needed to reduce the size, cost and complexity of fusion reactors.
“Our talented team, through its commitment and dedication to science, is poised to solve the immense global challenge of energy scarcity,” TAE Chief Executive Michl Binderbauer said in a statement. “Recent breakthroughs have prepared us to… commercialize our fusion technology.”
What is the political history of Truth Social?
Truth Social was launched in 2022 as Trump created an alternative to mainstream social media, which was increasingly restricting and blocking his posts and profiles, as well as those of his allies and supporters. It began trading on the Nasdaq stock exchange through a 2024 merger with a special purpose acquisition company.
While most social media platforms have lifted restrictions on Trump’s posts, he still primarily posts on his own platform.
Though Trump and companies he is associated with control more than a 40% stake in the company, much of his investment is managed by others to avoid a conflict of interest during his term as president. Some analysts suggest his indirect association with a new company in a highly regulated industry could also lead to issues.
TAE will need significant investment and regulation to advance, which makes Trump’s ties a major conflict, Richard Painter, a former White House ethics lawyer in the George W. Bush administration, told the Associated Press.
“He’s jumping into this industry just like he jumped into cryptocurrency a couple of years ago,” Painter said. “Just as the United States government is gonna get all involved in it. And it’s so obvious that there’s a huge conflict of interest.”
Trump Media shares, which had fallen more than 80% from their 2024 peak, have skyrocketed around 50% since the deal was announced.
The company now has a market value of more than $4.5 billion.
Why are the companies merging?
The parent company of Trump’s social media site, Truth Social, Trump Media & Technology, previously had little to do with energy production. The company agreed to merge with Alphabet-backed TAE Technologies, with the aim of paving the way for easier access to abundant electricity.
The merger aims to help both companies diversify and raise more money.
It is an attempt to combine Trump Media’s “significant access to capital” with TAE’s “leading fusion technology,” the companies said in a release.
They plan to begin construction in 2026 on the first-ever utility-scale fusion power plant.
“Fusion power plants are expected to provide economic, abundant and dependable electricity that would help America win the AI revolution,” the release said.
The boom in popularity of AI chatbots such as ChatGPT has created a seemingly insatiable new demand for power.
The Georgia Institute of Technology says modern AI data centers use as much electricity as a small city. As AI models grow, they demand even more power.
What are the terms of the deal?
The all-stock transaction announced this week values each share of TAE Technologies at $53.89, although it is a private company. Trump Media has agreed to provide $200 million in cash to TAE upon closing, expected in mid-2026.
When the merger is complete, TAE and Trump Media shareholders will each own about 50% of the combined company.
Trump Media will be the holding company for TAE, TAE Power Solutions and TAE Life Sciences.
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