Business Response to New China Tariffs
Businesses have been dealing with tariff uncertainty since April, and the ongoing uncertainty is taking its toll.
On Friday, President Trump announced on Truth Social an additional 100% tariff on Chinese goods starting November 1.
Regardless of whether he follows through or not, this escalation in trade uncertainty is weighing on business owners.
Beth Benike, owner of Busy Baby, a Minnesota company that manufactures highchair placemats with tethers for toys in China, expressed her frustration:
I mean what do I do?
Usually, Benike would jump into action upon hearing a new tariff announcement, but this time she
turned off her phone.
The only certainty in this tariff chaos is that it will likely continue.
Author's summary: Businesses struggle with tariff uncertainty.