Why Trump's tariff proposals have some business owners worried

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Tariffs News

Donald Trump

President-elect Donald Trump campaigned on implementing a blanket tariff of 10% to 20% on all imports, along with an additional 60% or more on goods from China.

Los Angeles — Bobby Djavaheri is trying to stock up his warehouse with appliances from overseas, while he can still afford it.'We've been preparing for the last six months — both our factories and us as importers — for Trump to win,' Djavaheri told CBS News.Djavaheri is president of Los Angeles-based Yedi Houseware Appliances, which manufactures its products in China. He says President-elect Donald Trump's threat to increase tariffs will force him to charge more.

Brian Peck, adjunct assistant professor of international trade law at USC, says Trump's tariffs could also be a negotiating tactic.'If he doesn't like a certain practice or policy initiative, he can use it as leverage to threaten them,' Peck said. '…It's important for the American people to understand that the people who pay tariffs are U.S. importers. Not China, not foreign governments, not foreign companies. That's going to come down to your wallet.

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