Business
The Latest Trend on Yachts? Submersibles.

Charles Kohnen, co-founder of the submersible manufacturer SEAmagine Hydrospace, estimates that there are 200 manned vessels worldwide. Some are used by scientific institutions, others for tourism. But a growing number belong to a select group of yacht owners.
While a ticket aboard a submersible tour, like the one that ended in tragedy this year en route to the Titanic shipwreck, is too pricey for most people, owning a submersible requires another level of wealth and boating infrastructure.
Only sufficiently large yachts — at least 120 feet — can hold a sub, which typically costs between $2 million to $7 million (not including the cost of a crane to lower the sub, the speedboat needed to board, and services like mapmaking and guides that can run about $15,000 per day).
“It’s not like a fancy car,” Kohnen said. “It’s more like a $5 million spacecraft.”
Just as having a helicopter and launchpad on a yacht was hot in the 1980s, Kohnen said, getting a personable submersible is increasingly a thing for the wealthy.
Ofer Ketter, whose company, SubMerge, caters to personal sub owners, sees a similar trend. “You have a mega-yacht, a super yacht — a submersible has become the next thing to have,” he said.
Deep-sea explorations have a growing fan base among the elite. The filmmaker James Cameron and the billionaire investor Ray Dalio have both donated vessels to the Woods Hole Oceanographic Institution and invested in the submersible manufacturer Triton Submarines. Dalio said it was about discovery. “The ocean is the greatest resource we have,” he said. “It’s twice the size of all continents combined — and underexplored.”
Some submersible owners lend out their vessels for documentaries and scientific research, while others are in search of never-before-seen species or want to explore shipwrecks. And there is a kind of mixed-use model that is versatile for everything from an underwater wedding to cocktails on the reef, dinner or a poker game, said Craig Barnett, Triton’s director of sales and marketing.
The personal submersibles industry has grown with the size of yachts. When SEAmagine started in 1995, mostly robots were used for deep-sea scientific work because lowering submersibles into the ocean with people inside was unwieldy, Kohnen said. The company built a model that could be boarded from the water, and this relaunched an era of manned submersibles for science and tourism. Around 2005, SEAmagine got its first yacht commission — and competition. Another submersible manufacturer, U-Boat Worx, started operations in the Netherlands, and Triton soon followed. Yachts were becoming bigger, but, Kohnen said, people were also starting to value experience-seeking over luxury.
Making “the moment.” Where to dive and how long an expedition lasts depends, but an adventure can take months of planning to scout, map and set up. SubMerge has coordinated five expeditions with three different private clients this year, Ketter said, and the company works with about six luxury travel firms, including submersible manufacturers.
A typical day “in a good spot” usually involves a few dives that last about an hour or two, with breaks for meals, Kohnen said. “Even after a thousand dives, it never stops being exciting.”
What about the implosion of the Titan? The fatal OceanGate tour shined a harsh spotlight on deep-sea adventure. But Kohnen said the craft involved was an “outlier” that was not built to specifications and had been a cause of concern in the submersible community for years.
Ketter said that his company had not had any cancellations since the accident. Triton likewise said that it had no cancellations, that it was building five submersibles and experiencing “remarkable demand” from private owners and tourism companies.
Although private submersibles are gaining momentum, Barnett said, the number of scientific institutions using them was “regrettably low.” Dalio said he thought filming the ocean from private craft would spur more investment and exploration. “It’s very underfunded, but it’s picking up,” he said. — Ephrat Livni
IN CASE YOU MISSED IT
The Fed could pause interest-rate rises next month as inflation cools. Consumer prices rose moderately in July, according to Consumer Price Index data released this week, and consumers expect inflation to slow over the next year, a closely watched University of Michigan survey showed. The wild card is volatile food and fuel prices, which could add to inflationary pressures.
Goldman Sachs’s longtime chief of staff steps aside. DealBook reported that John Rogers, the bank’s longtime chief of staff, would start handing over some of his responsibilities to Russell Horwitz, a former deputy. The shake-up occurs as Goldman’s C.E.O., David Solomon, conducts an overhaul of the bank, which has seen prominent executives leave.
Disney vows to stem streaming losses and doesn’t rule out selling its TV businesses. The entertainment giant’s C.E.O., Bob Iger, said subscription-price increases for Disney+ and Hulu would go into effect in the fall. And, like Netflix, it will crack down on password sharing. Wall Street is getting impatient as Disney’s streaming losses have ballooned to more than $11 billion since 2019.
Zoom’s A.I. data policy sets off a backlash. The popular videoconferencing platform issued a clarification this week that it would seek customers’ consent before using their audio, video or chat data to train artificial intelligence models. Digital rights’ advocates, however, worry that may not be enough to protect unsuspecting Zoom users as privacy concerns multiply alongside the explosion in popularity of A.I. tools like the ChatGPT and Bard chatbots.
A Kennedy bets on start-ups that serve the disabled
The Kennedy family has for decades made advocacy for the disabled one of its signature causes, from Senator Ted Kennedy sponsoring the Americans With Disabilities Act to Eunice Kennedy Shriver founding the Special Olympics.
Now, a scion of the political dynasty, Christopher McKelvy, has teamed up with Judd Olanoff, a former JPMorgan Chase banker, to approach disabilities in a new way: by starting a venture capital firm focused on the community.
Meet K. Ventures. McKelvy — a grandson of Patricia Kennedy Lawford and a former tech executive — and Olanoff initially worked together on public policy advocacy for people with disabilities and their families at the Joseph P. Kennedy Jr. Foundation. (McKelvy is a trustee at the foundation.)
They realized that the start-up sector offered both new services for the disabled and viable business models that could scale because of developments like Medicaid reimbursements. McKelvy and Olanoff left the foundation last year to start their firm. Its backers include Brian Jacobs, a longtime investor who runs Moai Capital, who told DealBook that the founders’ connections “are definitely unique and valuable.”
“My family’s hope,” McKelvy told DealBook, “is that K Ventures will be the next chapter” of our work on behalf of the disabled.
The firm is a bet on the growing market for disability services. The Centers for Disease Control and Prevention estimates that up to 27 percent of the country’s population has some kind of disability. The agency also found in 2020 that one in 36 children has been diagnosed with autism, up from one in 44 in 2018, thanks to better recognition of symptoms.
Olanoff said big companies were also starting to invest in providing disability services and benefits, presenting an opportunity for start-ups.
K. Ventures has made three investments, including Juno, which provides cash benefits to parents if their children become severely injured or disabled; Juniper, which automates billing for behavioral health services providers; and NeuroNav, which helps adults with developmental disabilities in California devise their own customized help services.
Major investment firms have also started to take notice of the opportunity: Andreessen Horowitz and Y Combinator have backed Juniper, while Pear VC has invested in NeuroNav.
McKelvy and Olanoff are using the Kennedy name and resources, including by bringing in advice and networking opportunities from relatives like Tim Shriver, the chairman of the Special Olympics, and Patrick Kennedy, the former congressman. For the past two years, it has also hosted a forum for disability start-ups at the Kennedy compound in Massachusetts.
Shriver believes disability advocacy needs philanthropy, but also businesses with sustainable and profitable operating models. When his team heard about K Ventures, he said, “we thought, bingo, that’s the missing piece.”
The reporting behind Netflix’s ‘Painkiller’
The Supreme Court temporarily blocked a bankruptcy deal for the Sackler family’s Purdue Pharma, the maker of OxyContin, on Thursday. The agreement would have capped the liability of the Sacklers at $6 billion and protected the family from any more civil lawsuits connected to the opioid epidemic. But the ruling will likely delay payments to the thousands of people who sued the Sacklers and Purdue.
In 2003, Barry Meier published “Pain Killer,” a book about the illegal methods and distorted science that Purdue had used to promote OxyContin. This week, Netflix released a fictionalized series based on the book starring Matthew Broderick as Richard Sackler, the former president of the company, who led the push to develop the drug and make it a routine treatment for pain.
DealBook spoke with Meier, a former reporter at The New York Times, about what had changed — and had not — since he first began investigating the role companies played in the crisis. This interview has been edited and condensed for clarity.
Why does the story remain so relevant two decades after the book was published?
It’s remarkable, and sad that it took as long as it did for the book to reach this big audience. But there’s hardly a person in this country who hasn’t been affected in some way. It’s 20 years from when it was published, and during that time more than a quarter of a million people died of overdoses from prescription opioids like OxyContin.
You said the book was a “total flop” when it was published. Was there an inflection point when people started paying more attention to the story of Purdue Pharma?
It started about 2017, 2018, when there was this new wave of lawsuits brought against not only Purdue, but individually against members of the Sackler family. That was a real turning point, because we began to see internal documents that were written by Richard Sackler. And, subsequent to that, the photographer Nan Goldin began her campaign for museums to take the Sackler name down from their walls, which turned out to be a remarkably successful political and cultural campaign.
Has anything changed in the relationship between the pharmaceutical industry and Washington?
I would hope that the Food and Drug Administration will never again make a decision as catastrophic as it did when it allowed Purdue to claim that this incredibly powerful and potentially addictive drug might be safer than competing drugs without even a shred of evidence.
But you can never be sure. I have seen numerous instances where a medical product that was valuable for a limited pool of patients has run amok because its manufacturer decided that in order to make billions of dollars, it was going to have to promote it to as many patients as possible — patients for whom the benefits of the drug began to be outweighed by its substantial risks. This is not a pattern that’s unique to OxyContin.
Could that pattern be shut down?
Until we start seeing corporate executives marched off to prison for violating the trust that doctors and patients have put into them, nothing is going to change.
We’d like your feedback. Please email thoughts and suggestions to dealbook@nytimes.com.

Business
Commentary: MAHA report's misrepresentations will harm public health and hit consumers' pocketbooks

Serious followers of healthcare policy in the U.S. didn’t expect much good to emerge from its takeover by Donald Trump and his secretary of Health and Human Services, the anti-vaccine activist Robert F. Kennedy Jr.
But the agency and its leadership managed to live down to the worst expectations May 27, when HHS released a 73-page “assessment” of the health of America’s children titled “The MAHA Report” (for “Make America Healthy Again”).
A sloppier, more disingenuous government report would be hard to imagine. Whatever credibility the report might have had as a product of a federal agency was shattered by its obvious errors, misrepresentations and outright fabrications of source materials, some of it plainly the product of the authors’ reliance on AI bots.
I, and my co-authors, did not write that paper.
— Epidemiologist Katherine Keyes says a citation to her work by the MAHA report was fabricated
At least seven sources cited in the report do not exist, as Emily Kennard and Margaret Manto of the journalism organization NOTUS uncovered. HHS hastily reissued the report with some of those citations removed, but without disclosing the changes — an extremely unkosher action in the research community.
“I, and my co-authors, did not write that paper,” epidemiologist Katherine M. Keyes of Columbia told me by email, referring to a citation to a purported paper about anxiety among American adolescents resulting from the COVID pandemic. “It does make me concerned given that citation practices are an important part of conducting and reporting rigorous science.”
Keyes said she has done research on the topic at hand: “I would be happy to send this information to the MAHA committee to correct the report, although I have not yet received information on where to reach them,” she said.
We’ll go deeper into the fabrication fiasco in a moment. What’s important is its context: concerted attacks by Kennedy and his associates on the fundamentals of public health in America.
Those attacks have profound implications not only for Americans’ health, but on pocketbook issues and the U.S. economy generally. HHS bowed toward the latter issue by asserting in the report that the health profile of American children poses “a threat to our nation’s health, economy, and military readiness.”
As it happens, the recent actions at HHS and its subagencies, the Food and Drug Administration and the Centers for Disease Control and Prevention, increase those threats.
Take the agencies’ May 20 decision to remove COVID boosters from the CDC’s list of recommended vaccinations for healthy children and pregnant women. The decision opens the door for insurance companies to start charging full price for the shots, rather than covering them without copays as the law requires for preventive services.
That could mean out-of-pocket charges of $100 or more each booster, which could itself discourage families from getting vaccinated. This is a reminder of how family economics affect health.
The original version of RFK Jr.’s MAHA report cited this paper by Katherine Keyes and associates about adolescents’ pandemic-era mental health. The paper doesn’t exist; the citation to the Journal of the American Medical Assn. goes to a page saying it can’t be found. However …
(HHS)
The MAHA report attributes the rise in childhood obesity and diabetes in part to ultraprocessed foods, or UPFs. But it’s silent on what experts call the “social determinants of disease,” which are heavily related to economics. The report doesn’t mention “food deserts,” mostly low-income neighborhoods in which “children do not have access to anything other than UPFs, … or the cost of fresh food vs. the hyperpalatable and cheap UPFs,” observed the Delaware Academy of Medicine in its gloss on the report.

… after the fabrication was exposed, Heath and Human Services reissued the report, removing the citation without explanation.
(HHS)
And although the report mentions that safety net programs such as the Supplemental Nutrition Assistance Program — SNAP, or food stamps, school lunch and breakfast programs, and the Special Supplemental Nutrition Program for Women, Infants, and Children, or WIC, could play a role in promoting healthy eating, it doesn’t mention that those programs face severe budget cuts from the Trump White House.
Last month, HHS canceled nearly $800 million in grants to the pharmaceutical company Moderna for the development of a human vaccine against bird flu, part of a Biden administration effort to prepare for possible future pandemics, the potential social and economic impact of which should be self-evident, given our experience with COVID. Bird flu already has devastated the dairy and poultry industries in many regions and sickened dozens of farmworkers.
There was some hope in the research community that sound science might still live at HHS because some HHS appointees had scientific or medical credentials that Kennedy lacked. Those hopes get dashed on a regular basis.
On Sunday, for instance, FDA Commissioner Marty Makary — a former professor of medicine at Johns Hopkins — was reduced to incoherence when CBS’ “Face the Nation” moderator Margaret Brennan reminded him that on May 20 he co-authored a report in the New England Journal of Medicine that identified pregnancy as factor increasing the risk of “severe COVID-19” — warranting that pregnant women get the vaccine.
“Yet seven days later,” Brennan said, Makary joined with Kennedy in a video announcement recommending against giving pregnant women the booster. “So what changed in the seven days?” Makary argued that only 12% of pregnant women got the shot last year, “so people have serious concerns.”
What he didn’t say was that those concerns have been ginned up by FDA critics — including Makary — and vaccine opponents, even though clinical trials involving tens of thousands of subjects have validated the recommendation that pregnant women get the vaccine.
That brings us back to the MAHA report.
Let’s start with its core assertion — that “today’s children are the sickest generation in American history.” As soon as the report was issued, this trope was picked up uncritically by the news media, before the report’s citation errors were discovered. But it’s undoubtedly wrong, the product of cherry-picking official statistics and ignoring what they really say.
An attack on childhood vaccination gets a subject heading all its own in this report, which asserts that the number of recommended vaccines for children by 1 year of age has increased from three in 1986 to 29 now, including vaccines for pregnant mothers.
Pediatrician Vincent Iannelli has ably punctured this claim, which he identifies as anti-vax “propaganda.”
The report reaches its count of 29 by including some vaccines given to children older than 1 year and double-counting shots such as the RSV vaccine, given to either the mother or the infant, not both. An honest count would be as few as 17, not all of which are injections. The report also counts combination vaccines such as MMR and TDaP as three shots rather than one.
In pushing the “sickest generation” trope, the report glides over the heath threats faced by children — and adults — before vaccines were available for specific diseases. In the U.S., measles cases averaged more than 530,000 per year throughout the 20th century; as of 2023, the average was 47, according to the CDC.
Mumps fell from more than 162,000 cases annually to 429 and rubella from nearly 48,000 to three. Whooping cough, or pertussis, fell from nearly 201,000 cases to 5,611. And polio, the fearsome nemesis of American families in the 1950s, from 16,300 to zero.
One can trace the “sickness” of children in bygone generations through child mortality statistics. In 1900, the average life expectancy of a 1-year-old in the U.S. was about 56 years; that bespeaks a morbid population of infants. In 1950 it was still only about 70. Now it’s 79.
For all that the MAHA report purports to identify the leading health threats to America’s kids — processed foods, environmental chemicals, vaccines — it totally ignores what we know to be the single biggest cause of childhood mortality in the U.S.: firearms.
The CDC has reported that in 2021, firearm injuries killed 2,571 children. That rate of 3.7 deaths per 100,000 children aged 17 and younger was an increase of 68% since 2000. The firearm death rate of 6.01 per 100,000 children aged 1-19 was 10 times the rate in Canada and 20 times the rates in France and Switzerland. Why the silence in the MAHA report? What does that say about how far you should trust the MAHA team at HHS?
As for the multiple false citations in the report, they point to the sheer irresponsibility of a federal agency’s outsourcing of research to AI.
I asked HHS for an explanation of how these errors got into the MAHA report, but I received no reply. White House spokeswoman Karoline Leavitt, however, responded to a reporter’s question about the fiasco by claiming there were “formatting issues” with the report.
Her excuse made me laugh, because it was the same excuse offered by the big law firm Latham and Watkins when it was caught submitting AI fabrications to a judge as part of a legal filing, as I reported recently. In neither case did the excuses explain how “formatting issues,” whatever that means, resulted in the fabrication of source citations.
HHS attributes the report to a 14-member “Make America Healthy Again” commission, composed mostly of cabinet members and other officials with no responsibility for or expertise in public health, such as the secretaries of Housing and Urban Development, Education, Agriculture and Veterans Affairs and directors of White House budget and economic offices. Makary and Bhattacharya are on the panel. They lent their names and reputations to this product, much to their discredit.
But it’s unclear about who actually put pen to paper. Some of its language can be traced back to Kennedy’s own words. The report’s assertion that “today’s children are the sickest generation in American history” was picked up and amplified by media coverage of the report’s release, even though it’s not supported by the facts. It is a verbatim echo of a claim Kennedy has made repeatedly, however, mostly as a plank in his anti-vaccination platform. It was part of the title of a book his anti-vaccine organization, Children’s Health Defense, issued in 2018 (“The Sickest Generation”).
The most frightening aspect of the MAHA report is that it’s likely to be the blueprint for a comprehensive attack on public health; scarier in that news media and political leaders are citing it as though it has scientific value. It’s so infected with falsehoods, misrepresentations and ideological blinkers that it will only subject the health of American children to the greatest risk they’ve faced in, yes, American history.
Business
Disney to cut hundreds of employees in latest round of layoffs

Walt Disney Co. launched another deep round of layoffs on Monday, notifying several hundred Disney employees in the U.S. and abroad that their jobs were being eliminated amid an increasingly difficult economic environment for traditional television.
People close to the Burbank entertainment giant confirmed the cuts, which are hitting film and television marketing teams, television publicity, casting and development as well as corporate financial operations.
The move comes just three months after the company axed 200 workers, including at ABC News in New York and Disney-owned entertainment networks. At the time, the division said it was trimming its staff by 6% amid shrinking TV ratings and revenue.
Disney declined to specify how many workers were losing their jobs. The cutbacks — the fourth round of layoffs in less than a year — come after Disney Chief Executive Bob Iger acknowledged to Wall Street that Disney had been pumping out too many shows and movies to compete against Netflix.
The programming buildup accelerated as the company prepared to launch Disney+ in late 2019, and it bulked up its staff to handle the more robust pipeline.
But the company has since retrenched, recognizing the need to focus on creating high-quality originals that meet Disney’s once lofty standards.
Disney has faced significant budget pressures after promising investors that its direct-to-consumer services — Disney+, Hulu and ESPN+ — would achieve profitability last year. The company lost billions of dollars over several years in its strategic shift to streaming, but it reached its goal to make money on streaming last fall.
Still, streaming subscribers can be fickle, creating a daunting new reality for the company that could long count on cable TV subscriptions as one of its most reliable economic pillars. Cord-cutting has taken a heavy toll.
The entertainment giant — one of Southern California’s largest private sector employers — has eliminated more than 7,000 jobs since 2023.
The traditional TV and film units felt the brunt of the downsizing during the last year. In July, the company slashed about 140 workers, primarily in its Disney entertainment unit. The company’s TV stations also lost staff members and ABC News shed about 40 employees last October.
ABC News largely escaped this week’s cuts, according to one knowledgeable person who was not authorized to discuss the internal moves.
ABC News still boasts healthy audiences for its newscasts, but the ABC television network and Disney-owned entertainment channels have seen dramatic viewer defections as consumers switch to streaming services, including Netflix, Paramount+ and Disney+.
ABC’s prime-time schedule has lost considerable steam. For the just-ended broadcast television season, ABC mustered only three shows in Nielsen’s top 20 rankings. “Monday Night Football on ABC” ranked seventh by averaging more than 10 million viewers, “Saturday Night Football” ranked 18th with 7.4 million viewers and freshman drama “High Potential” made the cut at 20th with an average audience of 7.1 million, according to Nielsen.
Monday’s eliminations come three weeks after Disney presented its fall lineup to advertisers, leaning heavily on its sports stars including Peyton and Eli Manning rather than actors from its entertainment programming.
ESPN was spared the ax as the sports unit is preparing for its high-stakes launch this fall of a stand-alone ESPN streaming service, the knowledgeable person said.
The move comes amid a strong run for Disney’s film studio, which has celebrated blockbuster box office results from its live-action “Lilo & Stitch,” which has earned $610 million in ticket sales globally, according to Box Office Mojo.
A month ago, Disney issued strong fiscal second-quarter earnings. The company reported $23.6 billion in revenue for the three months that ended March 29, a 7% increase compared with the same quarter a year earlier. Earnings before taxes totaled $3.1 billion, up $2.4 billion from last year.
Hollywood trade site Deadline first reported the news of the latest Disney cuts.
The landscape has been increasingly challenging for traditional companies. In addition to Disney, Warner Bros. Discovery, Paramount Global and even such tech companies as Amazon and Apple have fired workers.
In late May, NBCUniversal cut 54 jobs in Los Angeles, according to state employment records. Six Flags Entertainment Corp. laid off 140 workers.
Disney shares closed down 9 cents to $112.95.
Business
The Imports the U.S. Relies On Most From 140 Nations, From Albania to Zimbabwe

President Trump’s on-and-off tariffs have created deep uncertainty about the cost of imported goods — and it’s not always clear what goods will be most affected with any given country.
The largest U.S. imports from many countries are oil and gas, electronics, cars and pharmaceuticals. But there’s another way to look at what Americans import: trying to measure a country’s distinct contribution to the U.S.’s total needs.
For example, China’s largest exports to the U.S. — by dollar value — are electronics. But the U.S. also imports large quantities of electronics from elsewhere. Nearly 100 percent of imported baby carriages, however, come from China.
Switzerland, meanwhile, is responsible for nearly all of America’s imported precious metal watches. Ethiopia, on the other hand, sends the U.S. around 2 percent of its imported knit babies’ clothes — but that’s a larger share than for any other item it exports to the U.S.
The table below shows the item the U.S. relies on most from each of 140 trading partners. (We took out items that the U.S. also exports in large quantities, such as petroleum.)
What the U.S. is most reliant on from each country
COUNTRY | ITEM | Pct. of U.S. imports from here |
|
---|---|---|---|
Canada | Live pigs | >99% | |
Peru | Calcium phosphates | >99% | |
South Africa | Chromium ore | 98% | |
Switzerland | Precious metal watches | 98% | |
China | Baby carriages | 97% | |
Mexico | Self-propelled rail transport | 94% | |
Portugal | Natural cork articles | 93% | |
India | Synthetic reconstructed jewelry stones | 89% | |
Italy | Vermouth | 86% | |
Indonesia | Palm oil | 85% | |
Madagascar | Vanilla | 80% | |
Turkey | Retail artificial filament yarn | 79% | |
Brazil | Semi-finished iron | 76% | |
Vietnam | Coconuts, brazil nuts, and cashews | 75% | |
Australia | Sheep and goat meat | 74% | |
New Zealand | Misc. animal fats | 73% | |
Gabon | Manganese ore | 71% | |
Chile | Refined copper | 71% | |
Netherlands | Bulbs and roots | 70% | |
Spain | Olive oil | 62% | |
Taiwan | Tapioca | 62% | |
Argentina | Groundnut oil | 60% | |
Colombia | Cut flowers | 60% | |
Bolivia | Tungsten ore | 59% | |
Dominican Republic | Rolled tobacco | 59% | |
Cote d’Ivoire | Cocoa paste | 59% | |
Germany | Felt machinery | 58% | |
Finland | Cobalt oxides and hydroxides | 56% | |
Japan | Pianos | 52% | |
Israel | Phosphatic fertilizers | 50% | |
Philippines | Coconut oil | 50% | |
France | Insect resins | 50% | |
Thailand | Sugar preserved foods | 47% | |
Malaysia | Rubber apparel | 46% | |
Ireland | Sulfonamides | 45% | |
Pakistan | Light mixed woven cotton | 43% | |
Singapore | Glass with edge workings | 39% | |
Guatemala | Bananas | 38% | |
Ecuador | Cocoa beans | 38% | |
South Korea | Rubber inner tubes | 33% | |
Jamaica | Aluminum ore | 33% | |
Bangladesh | Non-knit babies’ garments | 31% | |
Austria | Handguns | 29% | |
United Kingdom | Antiques | 28% | |
Cambodia | Gum coated textile fabric | 25% | |
Nicaragua | Rolled tobacco | 24% | |
Guyana | Aluminum ore | 24% | |
Ukraine | Seed oils | 24% | |
Belgium | Flax woven fabric | 22% | |
Bahrain | Stranded aluminum wire | 22% | |
Sri Lanka | Coconut and other vegetable fibers | 21% | |
Morocco | Barium sulphate | 20% | |
Romania | Steel ingots | 19% | |
Norway | Carbides | 19% | |
Sweden | Stainless steel ingots | 17% | |
Costa Rica | Bananas | 16% | |
Honduras | Molasses | 16% | |
Paraguay | Wood charcoal | 16% | |
Denmark | Casein | 15% | |
Tunisia | Pure olive oil | 15% | |
Russia | Phosphatic fertilizers | 15% | |
Fiji | Water | 15% | |
Hong Kong | Pearls | 13% | |
Nepal | Knotted carpets | 13% | |
Poland | Processed mushrooms | 12% | |
Lebanon | Phosphatic fertilizers | 12% | |
Croatia | Handguns | 12% | |
Bulgaria | Non-retail combed wool yarn | 12% | |
Laos | Barium sulphate | 12% | |
Mozambique | Titanium ore | 11% | |
Ghana | Cocoa beans | 11% | |
Bahamas | Gravel and crushed stone | 10% | |
Greece | Dried, salted, smoked or brined fish | 10% | |
Jordan | Knit men’s coats | 10% | |
Czech Republic | Rolling machines | 10% | |
El Salvador | Molasses | 10% | |
Egypt | Spice seeds | 10% | |
United Arab Emirates | Raw aluminum | 9% | |
Uganda | Vanilla | 9% | |
Nigeria | Raw lead | 9% | |
Uruguay | Bovine, sheep, and goat fat | 9% | |
Latvia | Book-binding machines | 9% | |
Kazakhstan | Ironmaking alloys | 8% | |
Cameroon | Cocoa paste | 8% | |
Lithuania | Wheat gluten | 8% | |
Oman | Metal office supplies | 8% | |
Hungary | Seed oils | 7% | |
Belize | Molasses | 7% | |
Faroe Islands | Non-fillet fresh fish | 6% | |
Qatar | Pearls | 6% | |
Myanmar | Misc. knit clothing accessories | 5% | |
Zambia | Precious stones | 5% | |
Slovenia | Packaged medications | 5% | |
Senegal | Titanium ore | 5% | |
Algeria | Cement | 4% | |
Haiti | Knit T-shirts | 4% | |
Kenya | Titanium ore | 4% | |
Liechtenstein | Iron nails | 4% | |
Georgia | Ironmaking alloys | 4% | |
Liberia | Rubber | 4% | |
Serbia | Rubber inner tubes | 4% | |
Iceland | Fish fillets | 4% | |
Democratic Republic of the Congo | Refined copper | 3% | |
Botswana | Diamonds | 3% | |
Chad | Insect resins | 3% | |
Zimbabwe | Leather further prepared after tanning or crusting | 3% | |
Luxembourg | Polyamide fabric | 3% | |
Panama | Non-fillet fresh fish | 3% | |
Albania | Ironmaking alloys | 3% | |
Estonia | Fishing and hunting equipment | 2% | |
Ethiopia | Knit babies’ garments | 2% | |
Namibia | Wood charcoal | 2% | |
Venezuela | Processed crustaceans | 2% | |
Slovakia | Rubber tires | 2% | |
Lesotho | Knit men’s shirts | 2% | |
Tanzania | Precious stones | 2% | |
Papua New Guinea | Vanilla | 1% | |
Mauritius | Processed fish | 1% | |
Saudi Arabia | Iron nails | 1% | |
Moldova | Wine | ||
Suriname | Non-fillet fresh fish | ||
Angola | Pig iron | ||
Armenia | Diamonds | ||
Trinidad and Tobago | Non-fillet fresh fish | ||
Macau | Knitted hats | ||
North Macedonia | Curbstones | ||
Togo | Fake hair | ||
Bosnia and Herzegovina | Non-knit women’s coats | ||
Republic of the Congo | Antiques | ||
Azerbaijan | Ironmaking alloys | ||
Iraq | Antiques | ||
Libya | Misc. vegetable products | ||
Cyprus | Olive oil | ||
Kuwait | Ironmaking alloys | ||
Malta | Air conditioners | ||
British Virgin Islands | Diamonds | ||
Brunei | Knit T-shirts | ||
Cayman Islands | Phones | ||
Equatorial Guinea | Knitted hats | ||
Sint Maarten | Hard liquor |
Curious where the U.S. imports a particular item from? You can look it up below.
Searchable table
Computers $138.5 billion in imports | ||
Mexico | 35% | |
China | 26% | |
Taiwan | 19% | |
Vietnam | 11% | |
Thailand | 5% | |
Phones $119 billion | ||
China | 42% | |
Vietnam | 17% | |
Mexico | 9% | |
India | 7% | |
Thailand | 7% | |
Packaged medications $100.4 billion | ||
Ireland | 16% | |
Switzerland | 12% | |
India | 12% | |
Italy | 7% | |
China | 6% |
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.
We grouped goods using the first four digits of their code in the Harmonized Tariff Schedule, which lists categories of products.
We excluded goods that are widely produced in the U.S., using export data to remove goods where the U.S. exports at least 25 percent of what it imports by value.
We included only trading partners that export at least $50 million of goods each year to the U.S.
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