Trump tariffs on China will soon bring 'irreversible' damage to many American businesses
- The Trump administration exempted technology products like iPhones from Chinese tariffs, but many U.S. Businesses face irreversible damage due to 145% tariffs on other goods.
- Canceled orders from China are now common, with companies halting imports of furniture, toys, and more, according to Alan Murphy, CEO of Sea-Intelligence.
- Many businesses must cancel orders because of high tariffs, leading to product shortages, as stated by Stephen Lamar, CEO of the American Apparel & Footwear Association.
- Maersk warns that the drop in container bookings may result in significant restructuring of services to North America, affecting shipping and logistics further.
26 Articles
26 Articles
Bay Area Businesses Face Uncertainty Amid US Tariffs on China
Some businesses in the San Francisco Bay Area are already feeling the effects of the latest U.S. tariffs on Chinese imports, while others wait with uncertainty. For businesses such as Gingko Furniture in downtown Mountain View, the effects of the tariffs have been immediate. Jerry Xia, who has owned the store since it opened 15 years ago, told The Epoch Times that his business “will be hit quite severely.” The increase in import duties from 20 t…
Tucker Carlson: ‘Of Course’ Trump Is Willing to Negotiate With China on Tariffs
President Donald Trump is using tariffs to apply heavy pressure on China on trade, but he remains open to negotiations with Beijing, Tucker Carlson says. “Well, of course, he is,” Carlson said when asked whether he thought Trump is willing to negotiate with China. “I mean, the question is: Who needs the other more? Does the U.S. need China more or China need the U.S.? I can’t answer that,” Carlson told The Daily Signal. Only hours after new …
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