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US small business owner says China tariffs endanger her company: ‘I could lose my home’ (www.theguardian.com)

submitted 1 week ago by RedWizard@hexbear.net to c/news@hexbear.net

13 comments fedilink hide all child comments

cross-posted from: https://lemmy.ml/post/28417170

The Minnesota veteran invented a placemat with bungee cords that hold toys or utensils, keeping them off the floor when babies toss them. It’s one of several products she created for Busy Baby, a company she runs with her brother. They are manufactured in China.

She expected and budgeted for about 20-30% tariffs this year. When the first round of tariffs came in at 10%, it was manageable. Then the rate on China crept up, then up again, to 54%. That was her “oh, shit moment”, but she thought she could weather it, she told the Guardian.

It didn’t stop there, though. It climbed up to 104%. She filmed a video of herself “mid-meltdown” over the extreme tariff, posting it on her social media.

Benike already paid about $160,000 to manufacture her products in China, and would have to pay more than that to bring them to the US. So for now, she’s trying to figure out other options: she could try to sell them overseas, or send them to another country to repackage them.

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[–] StillNoLeftLeft@hexbear.net 7 points 1 week ago

What a state the west is in when the "small business owners" are essentially people who made a blueprint of a thing that they order from China to make profit from.

I bet these come with some sort of "Designed in the USA" label just like everywhere else in the exploiter zones and cost you an arm and a leg because they are "local business".