According to, small businesses can be crushed under President Trump’s growing taxes An open letter 38 Women Consumer Products Founders.
While Trump Stopped its rates Increase up to 90 days for different countries – setting a 10 % rate for now – China was 145 % by increasingWhich includes the last 20 % levy.
In a letter published on Thursday, the founders urged Trump and Congress to surpass the tariff rise, at least until small businesses could find alternatives to cheap supply chain. The lack of this, they want a discount for small businesses.
The letter was written by Juliet Wine, the founder of Juliet Wine, a startup that sells directly to the advanced boxed wine to consumers. Louvira has told Tech Crunch that she is surprised annually, she faces a $ 200,000 bill annually, as she is buying an important packaging component from abroad and has no US alternative.
The letter documents some other such issues, such as a domestic cleansing brand, which has to immediately make its refill powder from abroad due to lack of US powers. Prices threaten that this little cost of this packaging will increase by 80 %.
The group of 38 says their businesses produce 800 million annually, employ thousands, and supply both domestic and international manufacturers. He said that the revenue on small businesses rises more heavily.
“Unlike major corporations, the supply chain contracts in small businesses, the margin of absorbing standing costs, or the global supply chains do not benefit, the capital is not beneficial.”
This group wants other small business owners – and someone else is worried about the economic impact – help them in the lobby of Congress. They are asking for a small business diagnosis – so the government knows its effects. For example, they would like to be exempted from increasing such tariffs. The failure of this, they are lobbying for “grants, tax concessions or technical support” to help us solve the pain of supply chain to small businesses due to Trump’s trade policies.
Signatures include designer Rebecca Mankov and female founder Clacto’s Allison White. Others include: Emily Dual and May Cook of Don Sun Care and Raile’s Yanghi Pike.