Next time you pick up a new video game console, like a PlayStation, Xbox, [music] or this season's hottest item, the Nintendo Switch 2, check the back of the box. It probably says made in Vietnam. President Donald Trump's global tariffs announced earlier this year have led to one of the most dramatic supply chain shifts ever.China used to be the source of nearly 90% of US console imports, but it's now less than 5% after the US levied average tariff rates of as high as 88% earlier this year. Meanwhile, Vietn ...

Supply Chain Shift - US tariffs on China, reaching as high as 88%, triggered a significant supply chain shift in the video game console industry [1][2] - Vietnam has become a primary source for US console imports, accounting for 75% or more, due to tariffs of approximately 10% or less [2] - Key suppliers for Sony, Microsoft, and Nintendo have been establishing or expanding manufacturing and warehouse facilities in Vietnam since early 2024 [3] Production and Export - Vietnamese manufacturers experienced a substantial increase in video game console exports to the US, rising from under $30 million per month to over $400 million per month [3] Market Impact - Despite the supply chain realignment, US store shelves have remained stocked with video game consoles [4] - Consumers may have observed price increases in some older console models due to the tariffs [4] Future Outlook - Analysts predict that the production shift to Vietnam is likely to be permanent, even if tariffs are removed [3]

Did you know the price of some Italian pasta you buy in your grocery store and go out to restaurants and eat is going to go up because of new tariffs. The Trump admin already had a 15% tariff on all imports from the EU. But now the US Commerce Department is slapping on another 87% to 13 Italian pasta brands, bringing the total to 107%, which means you could pay almost double.>> Haz, we need something else, right. Rosario is the owner of Amo Seafood in Manhattan and imports a bunch of food from Italy includi ...

In 1990 the furniture-making industry employed 90,000 people in North Carolina. Now, after decades of cheap Chinese imports flooding the American market, it provides jobs to just 28,000 https://t.co/2RTq7w4GE9 ...

President Trump's global tariff plan boosts the average US rate on imports from around the world. This week's Singapore Edition newsletter takes a closer look at the impact on Southeast Asia https://t.co/blf54BUXvE ...

Tariffs Impact - The U S is collecting skyrocketing tariffs on imports [1] - Companies indicate that consumers will bear some of the burden of these tariffs [1] Business & Consumer Effects - The report will detail how tariffs are affecting businesses and consumers, focusing on the largest categories subject to new levies [1]