Many small businesses are still threatened by the trade war facing the United States, even though President Donald Trump suspended most tariffs for 90 days.
The escalating tariffs on China have halted imports — and manufacturing — for many American companies, including mom-and-pop stores and family-owned businesses that cannot easily shift production or sourcing to other countries.
‘This is life or death,” says Rick Woldenberg, the CEO of Learning Resources, a century-old toy manufacturing company that makes educational materials for thousands of American schools.
Woldenberg told Breitbart News that the Trump administration’s tariffs on China — which hit 145% as of Thursday morning — would cause his tax bill to rise from roughly $2 million to $100 million — overnight. To stay in business, Woldenberg
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