We think almost everything we buy is made in China, but a Wall Street Journal article points out that the situation is not as bad as it seems.
Over 88% of goods and services we consume are still produced domestically. Of the 12% that is imported, barely a quarter comes from China. Much of that quarter, however, are small items that carry those little tags “Made in China,” so it seems we consume more of their products than we actually do.
Furthermore, almost all consumer goods are the result of many hands. If a pair of sneakers made in China costs $70 here, only a fraction of that goes to China. Most of it goes to the cost of transportation, the rent of the American store, salaries of the salespeople, advertising, and profits for the retailer.
On average, for every dollar spent on “Made in China” items, 55 cents of that goes for services in the U.S.