Small business owners criticize the rate of 10% on Chinese products and seek alternatives to avoid financial losses
Those implemented by the President of, Donald Trump (Republican Party), have caused difficulties for small US entrepreneurs. The main complaint is about the rates applied to the products.
For decades, microentrepreneurs resort to Chinese factories to gain access to goods cheaply and efficiently, but have faced difficulties since Trump announced the imposition of 10% tariffs on Chinese imports.
O He interviewed more than 100 small business owners affected by Trump’s measures. Erica Campbell owns “Be a Heart”, Catholic company company. She said her business generated $ 2 million a year from her home kitchen in the city of Phoenix, Arizona. With the president’s tariff, however, the business may be at risk.
“I don’t know what can happen. I am on a state of alert”The entrepreneur told the newspaper.
According to Report, affected companies are from various sectors of the economy. From commemorative card production to toys and electronic devices. For entrepreneurs, using products manufactured in the United States is not an option as they are more expensive and often inferior quality. In addition, they would have to redo the entire distribution chain, something that would require time and more expenses.
Bill Keefe and Julie Lee are owned by “Julianna Rae”, A company specializing in the high quality silk pajamas trade from China. They design the pieces, which are imported from Chinese factories and sold through the company’s website in Amazon. A set of silk pajamas that would be sold for $ 300 now costs $ 15 more, according to traders. They stressed that the best material is Chinese and therefore would not be worth importing from countries such as Thailand, India or Sri Lanka.
“The best machinery, the best expertise, the ability to produce quality products at good prices is in China”Said Keefe.
From March 12, there will be a About steel and aluminum, products on which China dominates production. One of the US-proposed measures is the imposition of fees on vessels that anchor to US ports, which would raise transportation costs.
