Dear NYorkerInHouston,
"They may import, say, 25 billion dollars worth of Chinese goods but they won't sell the goods for 25 billion."
That's why I looked at the cost of goods sold.
Wal-Mart sales were $285 billion for the last full year reported.
The cost of the stuff was $220 billion for that period.
$25 billion is about 11% of $220 billion.
Thus, about 11% of what Wal-Mart bought, by dollar volume, was imported from China.
sitetest
Quote: Thus, about 11% of what Wal-Mart bought, by dollar volume, was imported from China
Right. My local WM easily has 65-75% of the items on the shelf saying either Made in China or Assembled in china. Toy section has 85-90% made in china. All the b&D tols, msot of the Stanly, just about all the GE. The only items not made in china were the paper plates, and paint.
Want to be added to my $1000 bet with Toddsterpatriot? He will not take me up on it though.
Check out you local WM and you will see.