US EditionTrump’s China tariff shocks U.S. importers. One CEO calls it ‘end of days’
- President Trump imposed tariffs, leading to China announcing 125% tariffs on U.S. Imports.
- The tariffs stemmed from the U.S. Aiming to reduce its trade deficit with China.
- Soybeans and lithium-ion batteries face immediate impacts, affecting global supply chains.
- Wisconsin Soybean Association President Rebout stated farmers face uncertainty due to the trade war.
- Long-Term tariffs could damage Trump's supporters, though some see potential for positive trade relations.
136 Articles
136 Articles
Busy Baby founder turns to crowdfunding to pay China tariff and keep her business alive
ORONOCO, Minn. — Running out of inventory and options as she looks for a path to save her company wrecked by tariffs, Beth (Fynbo) Benike is trying to crowdfund $229,000 to pay what describes as a “ransom” on three months' worth of Busy Baby products stranded in China, where they were made. Benike, who last month was named Minnesota’s Small Business Person of the year by the Small Business Administration, said it was not an easy decision to turn…
Trump enacted economic plan 'unlawfully' despite likelihood of 'severe damage': lawsuit
Five owner-operated businesses have filed a lawsuit against the tariffs in the U.S. Court of International Trade. The Liberty Justice Center and law professor Ilya Somin joined together to form the legal team for the five businesses, which includes VOS Selections, Inc. Plastic Services and Products,...
‘How do I plan for this?': Local toy store braces for tariff impact
For kids, everyday toys are about to become a luxury — that’s because tariffs are about to drive these prices up. According to the Toy Association, a leading industry group, nearly 80% of toys are made in China. That means American families could expect everyday toys to double to triple in price. Small business owners are preparing for the future and advise shoppers to shop local. “‘How do I plan for this?’ That’s what’s going through my mind ri…
Chicago Sun Times
Usa newsTrump’s China tariff shocks U.S. importers: a Chicago-area CEO calls it ‘end of days’
WASHINGTON — Rick Woldenberg thought he had come up with a sure-fire plan to protect his Chicago-area educational toy company from President Donald Trump’s massive new taxes on Chinese imports."When he announced a 20% tariff, I made a plan to survive 40%, and I thought I was being very clever," said Woldenberg, CEO of Learning Resources, a third-generation family business that has been manufacturing in China for four decades. "I had worked out t…
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