Small companies in the Chicago region make some difficult decisions about their future Definitions imposed by the Trump administration Revenge from China.
Tyler McClic, the owner of the store and stationery paper in Andersonville, said before President Trump's tariffPay about 200 dollars per month on customs duties and related fees for imported goods he sells in his store. This month, it was 1400 dollars.
“It is frustrated to think about the bills that may come in the future. Like, what are the elements that we sell now after we get the tariff bill or months from now that we do not know about?” He said.
The draft definition law came about five weeks after the sale of products already, which means that it is a loss when selling them, and now it will have to increase prices to meet their needs.
“For many independent local stores like us, the margins are already thin, and we will usually be more expensive than Amazon or any great retail seller in the box. This is just the nature of local independent business, and we cannot absorb the largest amount of these increases as a goal or is able to do so.”
Nearly 73 % of American smartphones, 78 % of laptops, and 77 % of games come from China.
Global definitions on imports from China Now a total of 145 %.
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