Reported 3 days ago
President Trump's escalating tariffs on Chinese imports, now reaching 145%, have left American importers reeling, with some CEOs predicting widespread economic devastation. Companies like Learning Resources face staggering increases from $2.3 million to $100.2 million in tariff bills, prompting fears over the future of affordable consumer goods in the U.S. As American businesses scramble to adapt, the uncertainty surrounding these tariffs jeopardizes supply chains and inflation expectations, putting pressure on both importers and consumers alike.
Source: YAHOO