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Stephanie Keith | Bloomberg | Gets the image
When Matt Kubanchik, the owner of a small business in Louisvili, Kentucky, threw his newsletter for Donald Trump In November, he hoped that the return of the Republican nominee to the White House to provide a spark of economy and would reduce gas and products prices.
Instead, the first six months of Trump’s second term in the White House was more like a “hell vacation”, Kubanchyk said. Guardian Baseball, a baseball company he founded in 2018, mainly relies on manufacturers in China, which is blocked in a full trade war with the US
The Kubanchyk did not take a long time to spare his voice. After 20 years as a Republican, Kubanchyk changed the registration for the Democrat last month.
“I was registered throughout the life of the Republicans. I used to support independent candidates in Kentucky, but it did it enough to switch parties,” Kubanchyk said in an interview. “I don’t feel like the country is heading down the right way.”
While the stock market bounced from the tough start of the year, thanks to a large extent, Trump administration, stopping its most extreme tariffs announced in April, small retailers that count on imports to stay afloat, stuck on the ground “non-man”. China’s tariffs are still in a historically high speed of 30%, at least temporarily declining from Trump’s previous proclamation by 145% after the two countries reached the 90-day truce on May 12.
A big problem is what is happening when this three -month agreement is over in August. Both countries have already accused each other of violating the previous trade agreement.
BaseBall Guardian sells its products on Amazon and in brick shops like Walmart. Even at a speed of 30% for goods from China, its expenses are much higher than they were before Trump took office. Some small businesses have stopped ordering more inventory or pausing to develop new products while waiting to learn how the situation is developing. Others were forced to raise prices because they can no longer afford to digest higher import costs.
The fight that such as Guardian Baseball faces such as Guardball is not necessarily in the data.
Matt Kubanchyk, who founded the Guardian baseball in 2018, said he had voted for Trump, but changed his party affiliation to the Democrat after passing the “Hell Recreation”.
According to a survey of 270 business executives liberated On Monday, from the main executive group, less than 30% of executives are forecast to either light or strong recession over the next six months. This fell from 46% that said the same thing in May and 62% in April.
And a quarterly report publish On Tuesday, the National Independent Business Federation showed that optimism increased slightly since April, although “uncertainty is still high among small business owners,” said NFIB Chief Economist Bill Dunkelberg.
US and Chinese officials At the end of Tuesday ended Two days of trade talks in London. According to the previous agreement, the US will apply 55% of the tariffs for Chinese goods, Trump said in a report of social truth. Full information about the agreement will not be published yet. Trump said the transaction is subject to approval by the administration and President of China Xi Jinping.
“President Si and I’m going to work carefully to open China for American trade,” Trump wrote in a report. “It would be a great victory for both countries !!!”
Secretary of Commerce Howard Lutno said CNBC “Money -Muzzles” Wednesday that we tariffs to Chinese imports will not change from their current level, even trade The transaction between Washington and Beijing will not yet be finalized.
The White House did not respond to a comment request.
“Everything is held”
Like Kubanchyk, Alfred May says his business was mostly in standby mode, despite a 90-day pause announced in May.
May, co -founder of the ASM Games Card Company, said he was increasingly concerned last month, thinking about the “huge” inventory order he needed to place in time for the decisive shopping period. He told his production partners to accelerate production and speed to the US as soon as possible.
“I have no idea what the situation will look like after a 90-day pause, so I would like to hit the intestine now than potentially destroying the tariff increase in the future,” May in an email.
The order is scheduled to arrive the way the short -term agreement between the US and China is over. But when the rates increase before its shipment makes it the state, May said that he would not be able to afford the tax needed for its “vital inventory”.
Prices go up independently. With the tariff for China at 30%, May said he would probably have to increase prices by 10% to 20% and hope that consumers are willing to pay.
In Down under the bedding, which is located south of Toronto in Canada, Tony Sagar says that everything is held.
Sagaro Sagar sources sources of some goose pillows and blankets from China and is considering stopping some low -profit items because it can no longer afford to compete with cheaper competitors.
“We mostly stopped any import or planning,” Sagar said in an interview.
Alfred and Sarah May founded ASM Games card games.
Alfred May
Last month, Sagar said he had been forced to return $ 150, but refused to pay $ 277 for additional tariff charges. Last week, he collided with the same number after the buyer ordered a $ 595 blanket, which came with a tariff account of nearly $ 1,200. Sagar said he is now turning to “every US client” after they arrange an order to make sure they are willing to pay extra responsibilities.
In addition to China, Trump administration has posted 25% tariff to the goods from Canada.
“Whenever I hear it isn’t ShopI have to worry about where the order comes from, ”Sagar said.
Greg Shugar, who works with several clothing enterprises, said the problem with an attempt to plan the future is that political solutions are “all about Trump’s ego.”
“If we understood the real motivation of the administration, we would know where to go and what to do,” said Shugar, co-owner of Carrie Aber Stines and Men’s Maker Beau Beau Ties Vermont.
Shugar said Trump’s change in tariffs left him paralyzed to whether she should move production from China.
Greg Shuga, owner of Beau Ties Vermont.
Greg Sugar
Last month, he joined a group of other small business owners at an event organized by the National Retail Federation, with the plan to attract his problems to the White House. The group met with a representative of Trump administration for about 30 minutes.
Shuga said he felt more pessimistic about the tariff situation than he was going on the door.
“We are not going to eat 30% tariff and not a consumer,” Shuga said. “So, there are actually no winners, with these tariffs only losing.”
Once Walmart warned last month that he would have to raise prices, Trump said the retail giant To “eat tariffs”.
Last year, Kubancik of Guardian Bettball said his company “received a big break” when signed with a Walmart agreement to place its products in 3000 stores.
He now delays inventory orders and uses a more conservative approach to creating new products because the company cannot afford to take extra risk.
“It seemed we finally did it as a brand,” Kubanchyk said. “And now it feels like an aircraft that is saturated.”
See: Now Trump admits that in China more leverage than expected
