American Consumers are noticing a New Line on their Shopping Receipts, a Tariff Surcharge. Even with Trump’s (R) 90-day Pause on Tariffs, Companies and Customers are feeling the Impact, especially those that Import their Products from China. The Surcharges have been Popping-Up across several Industries, impacting nearly everything from Prices of Clothing to Automobile Manufacturing. Some Companies are Charging a Flat Fees while Others Charge a % of the Total Cost of a given Purchase.
Alexandra Fine, CEO and Co-Founder of Dame, aSsexual Wellness Company, adds $5,00 "Trump Tariff Surcharge" add-on. "It doesn’t cover the full cost—not even close—but it felt better than pretending everything’s fine,". She said the Surcharge was about a "Statement" and letting Customers "know how these policies are impacting all of us." The Company manufactures its Products in China, which has been hit with a 145% Import Tariff amid Escalating Trade Tensions between Trump and Chinese President Xi Jinping.
Amazon CEO Andy Jassy recently said that He Thinks Manufacturers will Start to "Pass that Cost" on to Customers rather than trying to Absorb it. Many of the Company’s Third-Party Sellers, which make up 60% of Products sold on Amazon, are based in China, and are facing the Harshest of Trump’s Tariffs. Wedding Dresses are also going Up in Price because of the Tariffs.
Paul Virilli, Co-Owner of Jan’s Boutique in New Jersey, said Prices of Gowns from China are also going Up. "We hope China and the U.S.' relationship gets fixed and resolved so we can continue to sell this dress at the price it's marked at,". The Outlet noted that most of His Gowns come from China and Vietnam.
On Friday, White House Press Secretary Karoline Leavitt (R) said Trump is "Optimistic" about making a Deal with China over Tariffs. Currently, Beijing has an 84% Tariff on American Imports.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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