That seat will cost how much? US businesses already seeing impact of Trump tariffs
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Lights illuminate chairs at the Robert and Judi Newman Center for the Performing Arts before a performance in Denver, Colorado, US, April 11, 2025. —Reuters
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Bolder: A toy store manager targeted daily price hikes. Million predicts 5 million jumps in the cost of a lip balm maker. A concert venue Impresserio, who saw a wonderful price of 000 140,000, to set new seats in the Performance Hall.
He is one of a dozen business owners and managers who spoke to Reuters about the impact of President Donald Trump’s tariff government, and provided a preliminary idea of what many more Americans could expect, even taxes on imports – were paid by US companies and were often paid for 90 days.
Businesses constantly expressed concern over economic turmoil. Announcing the 90 -day tariff pause on dozens of countries, Trump raised prices on Chinese imports, and earlier this year, the Levies were effectively increased by 145 %. After leaving on trade taxes from last week, he kept rates for 90 days on imports from most other countries to 10 %. Canada and Mexico have 25 % of the region’s existing trade agreement for 25 % for goods involved.
“We’re dealing with the uncertainty of the future and our future supply chains,” said Steve Shrour, founder and CEO of Iowa, “said Steve Shrivor,” said Steve Shrivor, “Iowa -based company, Eco -lip founder and CEO, which produces organic health and beauty products in the country with 40,000 products from more than 50 countries. Its annual sales are about $ 30 million.
On Wednesday, the day Trump announced a pause, Shrour sent a letter to 300 clients for which Eco -lips produce products for their labels, and tell them that prices will increase and time frames will be pushed forward.
“I don’t trust it. This is a 90 -day break. It can change in 10 days.” “The board still has 10 % of the revenue, and this is a significant increase in our prices.”
Shrour predicts that its 12 -month -old goods cost can increase by 5 million, which is above 10 million annual costs, other than other things, components that cannot be grown in the United States, such as vanilla, coconut oil and cocoa. Other businessmen said they had canceled the purchase orders, withheld expansion plans and delayed in serving.
‘We’re penetrating’
Shrivor and others said they had received reports of rising prices from the suppliers, and since Trump started announcing a tariff for the first time since he said he had declared trade imbalance as unfair. Trump has also imposed taxes in pursuit of goals, including keeping immigrants out and keeping illegal drugs and encouraging domestic manufacturing.
Paul Kusler has a lovely bold, Colorado, Kite and Toy Store in the air, which has been going on for 45 years and has about $ 25 million in annual sales. Most of the sales sales are manufactured in China.
“The revenue on China is just inaccessible, it is a serious threat to our business,” Kosler said standing between the sea of colorful kites, fristers, puppets, filled animals and every other toy. “We pay a weekly bill. This price increase is now going on for the door of the door.”
Kusler said the prices of their prices were between 7.0 percent and 10 percent – but they reflect the short term that China’s revenue was 34 percent after Trump’s “Liberation Day” announced on April 2. Kasler believes he can absorb about 3 % of the growing costs. He added that he has already seen during the economic turmoil and will continue to feel the demand of the suppressed consumers.
“If people are worried about the rise in food and other stupid prices, people are not buying toys,” he said. Emily Lee, owner of a Pansakola based in Florida, who specializes in high -end office planners for women, said that Trump has announced taxes on Chinese goods in 2017 during his first term, so he has paid the US government more than $ 1 million in trade taxes.
It predicted that at the new level of tariffs for China, it would match about $ 10 million within the next 12 months. Lee said he tried for many years to manufacture his goods in the United States, but he would not find a way to do it and still make a profit.
“This can bring us out, keeping us out of business,” he said. “We’re making a riot over what we have to do right now.” One that is doing: filing a lawsuit against the US government, unconstitutionally discusses taxes, relys on laws that have nothing to do with taxes.
In Denver, Aisha Ahmed Post, executive director of the Newman Center for performing arts at Colorado, Denver University, has spent more than a year to manage a major renovation-June replaced all 971 chairs inside the Swanker Gates concert hall.
The Newman Center considered two US suppliers and one in Canada. One of the American makers was far from their budget and the other needed to use the chairs as a rehabilitation solvents. In the early 2024, Ahmed Post ordered the Douchemical Chairs based in Montreal for just $ 560,000 and blacked out a six -week hostess for hosting any show for installation in mid -July.
On March 5, Ahmed Post received a letter from Dochame that Trump needs to comply with new trade taxes and “apply similar taxes to his project”.
At the time, those revenue for Canada was 25 %-for-one for the Nomine Center Set Project, an increase of 000 140,000, an unwanted development for an organization that is still trying to rebuild its rain-day funds that were eliminated by Coid 19 pandemic diseases. Ahmed Post said, “The chairs are already in production, it is not that we can just ax.” “Now we are trying to find out how we will pay it.”
