Ikea plans to close its remaining U.S. factory as “unfortunately the right cost conditions are not in place”, with the production scheduled to be replaced with shipments from Europe. That comes as the firm also faces disruptions from tariffs on imports from China. Tariffs likely drove a 30.9% slide in imports to the U.S. from China in the second quarter compared to a year earlier. Yet, shipments from Europe have also declined as the firm shifts its sourcing towards Brazil and Thailand, which rose by 62.5% and 18.5% respectively. That will have helped exporters including Te...