The Trump administration has threatened to place tariffs on all Chinese products entering the US. In addition to a round of duties on $200 billion worth of Chinese goods that could be announced any moment, President Donald Trump last week said another $267 billion worth of imports could be targeted as well.
Dozens of retailers testified about how Trump's trade war with China could affect them — here's what they said
Hundreds of company and industry representatives testified before trade officials in Washington last month about how the next round of duties could affect them. Here's what some people from the retail and distribution industries had to say.
Hundreds of company and industry representatives testified before trade officials in Washington last month about how the next round of duties could affect them. The hearings lasted more than 45 hours, with witnesses allowed to speak for five minutes each. Here's what some of those from the retail and distribution industries had to say, drawn from government transcripts.
Jo-Ann Stores
Flying Circle
Inmotion
Micro Electronics
Lamplight Farms
Trayton America
Richloom Fabrics Group
New York City
"We have already seen the beginning of a slowdown in this industry as a result of the first two rounds of tariffs." - Michael Saivetz
Four Hands
Austin, Texas
"The economic impact of an additional 10% duty on our products would have an immediate impact on our business … As an initial response, we would implement austerity programs that would freeze hiring and wages and curtail discretionary spending. Our company has been growing rapidly, and current plans call to expand our US officers and warehouses in 2019. These plans would be placed on hold." — Jerome Kearns
Homewerks Worldwide
Lake Bluff, Illinois
"When we had this in wave one, we passed the price increase through and they raised the retail price. So, what this means is it will impact, likely impact, the lower-income customers buying our opening price point and commodity faucets and valves and then they are most likely not to do a project." — Peter Berkman
Max Home
Fulton, Misssissipi
"This will not benefit US producers, US jobs, or US furniture. On the contrary, it will eliminate US jobs and shift the majority, if not all of the production processes, overseas." —Martin Silver
Camp Chef
Evenflo Company
Illinois Auto Truck Company
Breathable Baby
Step2 Discovery
SOG Specialty Knives & Tools
JLab Audio
Arnold's Office Furniture
Bridgeport, Pennsylvania
Rebecca Minkoff
Meco Corporation
Standard Textile Company
Graco Children's Products
Wilderness Trail Bikes
Huffy Corporation
Central California Truck and Trailer Sales
Power Stop
Surfaces Southeast
Alton Industry
Foreign Parts Distributor
Evenflo Feeding
Display Supply & Lighting
Align Hospitality Furnishings
Hooker Furniture Corporation
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