When President Trump announced a new 10 percent tariff on Chinese goods, Logan Vanghele felt the pressure. He runs a small business selling aquarium products, and one of his largest shipments, worth $120,000, was on its way to Boston.
Logan quickly reached out to his logistics company. “Get this thing off the boat, please,” he urged, hoping to avoid steep tariffs on his cargo.
With the tariff deadline looming, many companies are racing against time. Trump’s willingness to impose tariffs on imports from China, Canada, and Mexico has created anxiety in the business community. His aim is to curb the flow of illegal drugs and migration into the U.S., but his aggressive approach has made it difficult for business owners to plan ahead.
Logan, only 28 years old, depends on products made in China to keep his aquarium equipment company afloat. He had no idea that the shipment leaving Yantian Port back in January could be hit with hefty fees. In a last-ditch effort to avoid around $25,000 in tariffs, he begged the logistics company to reroute his shipment to Norfolk, Virginia, instead of Boston.
There’s some hope that goods already in transit might be exempt from the new tariffs, but nothing is certain. As Logan and others wait to see what happens, they’re left with uncertainty hanging over their businesses. This situation highlights how sudden policy changes can disrupt even well-planned operations in today’s global economy.
Source link
Protectionism (Trade),International Trade and World Market,United States Politics and Government,Customs (Tariff),Politics and Government,Aquariums,United States Economy,Labor and Jobs