Small Businesses Cold Be Crushed under President Trump’s Increased Tarifs, According to an open letter By 38 Female Consumer Product Founders.
While trump Pauses His Tariff Increases for 90 Days for Various Countries – Setting The Rate at 10% For Now – China’s Was Raised to 145%Which incluses the previous 20% Levy.
In the letter, published Thursday, these founders Urged Trump and Congress to Back off the tariff Increases, at Least Until Small Small Businesses Can Find Affordable Suffered Short of that, they want exemptions for small businesses.
The Letter was written by allison luvera, founder of juliet wine, a startup that sells upscale boxed win direct to consumers. Luvera Tells Techcrunch that She Faces A Surprise $ 200,000 bill, annually, because she’s buying a key packaging component from overseas and has no us alternative.
The Letter Documents a less other such problems, such as a home-charaning brand that must source its refilllable pouches from oversas for Lack of Lack of ImmediaTe us options. Tariffs Threten to increase the costs of that bit of packaging by 80%.
The group of 38 say their businesses generate $ 800 Million Annually, Employment Thousands, and Source Supplies from BOTH DOMESTIC and International Manufacturers. They point out that tariffs land more Heavily on Small Businesses.
“Unlike Large Corporations, Small Businesses Lack The Leverage to Renegotiate Supply Chain Contracts, The Margins to Absorb Steep Steep Costs Increases, Or the Capital Required to Rapidly Reconfigally Global Supply Chains, “Luvera Wrote.
This group wants Other Small Business Ownes – And Anyone Else Concerned about the Economic Impact – to Help Them Lobby Gress. They’re asking for a small business assessment – so the government knows the impact. Ideally, they would like small businesses to be exhempt from Failing that, they are lobbying for “Grants, tax incentives, or technical assistance” in helping us small businesses solve their supple chain couin caused by trump.
Among the signatories is designer rebecca minkoff and alison wyatt of the female founder collective. Others include: emile doly and mei kwok of dune suncare and yanghee paik of rael.