2025-05-11 10:30:10
Business
China
Asia

Impact of Tariffs on Cargo and Small Businesses

Image used under license from Shutterstock.com

Western Washington ports anticipate a significant decline in cargo, projecting a 40% drop due to ongoing trade tensions between the U.S. and China. President Trump’s tariffs, which have prompted retaliation from Beijing, are affecting local economies profoundly.

Despite changes intended to assist small businesses, such as the removal of a duty-free loophole for certain imports, challenges persist. Many companies face increased competition from overseas, leading to a sharp decline in sales.

The broader economic landscape illustrates a slowdown, with GDP growth faltering and layoffs rising sharply. Analysts warn that tariffs may not achieve their intended goals, leaving manufacturing jobs vulnerable and small businesses struggling amid fierce international competition.

columbian
10. Mai 2025 um 12:16

WA ports await sharp drop in cargo as Trump’s tariff battle with China drags on

Western Washington ports are bracing for a 40% drop in cargo due to Trump's tariff crusade with China. President Donald Trump continues his 145% levies on China, prompting Beijing's retaliatory measures. Port of Seattle Commissioner Ryan Calkins predicts lost business will ripple out through local economies.
n-tv.de
11. Mai 2025 um 07:21

The $25,000 Question: Trump's Trade War Has Almost Only Losers

US President Trump has introduced a policy that harms the American economy by imposing tariffs on imports, causing uncertainty and economic difficulties. These tariffs, which were originally imposed in early April and lifted for 90 days shortly thereafter, also affect other economies worldwide and lead to volatility in the financial markets. The trade relations between the USA and China, a country facing high import tariffs, are particularly affected. The Wall Street has lost value due to the..
The Street
12. Mai 2025 um 14:11

Billionaire fund manager has sharp one-word reaction to tariff's impact on manufacturing TheStreet Daily Newsletter

The economy's sluggishness has led to concerns about a potential recession. The slowdown is evident in GDP growth, which has decreased to 2.4% and even further to -0.3% in the latest quarter. Ken Fisher of Fisher Investments argues that tariffs will not revive manufacturing jobs, citing the inefficacy of tariffs in bringing back production. Companies are instead opting for cheaper overseas production, with the Port of Los Angeles handling a record number of containers last year. Meanwhile, Cha..
New York Times - Business
12. Mai 2025 um 16:01

A Shipping Change Might Help Small Businesses if Not for Trump’s Trade Wars A Shipping Change Might Help Small Businesses if Not for Trump’s Trade Wars

President Trump's recent elimination of a duty-free loophole for goods valued under $800 from China may benefit small businesses like InRoad Toys, owned by Andy Musliner. This change aims to address concerns over tariff evasion and illegal goods entering the U.S., notably fentanyl. Musliner's sales have sharply declined, down 30% in 2023, as competition from Chinese e-commerce giants like Temu has intensified, offering similar products at lower prices. Despite the potential benefits of the new..
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!