Business Response to New China Tariffs
Businesses have been dealing with tariff uncertainty since April, and the ongoing uncertainty is taking a toll on them.
On Friday, President Trump announced on Truth Social an additional 100% tariff on Chinese goods starting November 1.
“I mean what do I do?”
Beth Benike, owner of Busy Baby, a Minnesota company that manufactures highchair placemats with tethers for toys in China, expressed her frustration after the announcement.
Usually, Benike would take immediate action after a new tariff announcement, but this time she felt helpless and turned off her phone.
The escalation in trade uncertainty is weighing on business owners, and the only clear thing is that the tariff chaos will likely continue.
Author's summary: Businesses struggle with tariff uncertainty.
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