CHICAGO - Win Cramer thought his company was out of the firing line in the escalating Sino-U.S. trade war after his “Made-in-China” wireless headphones, speakers and earbuds were taken off Washington’s tariff list a year ago.
Earlier this month, U.S. President Donald Trump unexpectedly put off new 10% tariffs on about half of $300 billion of targeted Chinese imports until Dec. 15. But JLab’s shipments will be subjected to the tariffs starting Sept. 1. After the tariff reprieve in August 2018, JLab poured $1 million into new product development and spent another $500,000 to expand its U.S. workforce by 20%. The investment, one of the biggest for the mid-sized company that was founded in 2005, is now at risk.
The about-turn has frustrated chemical manufacturers, said Ed Brzytwa, a director at the American Chemical Council . “There is no explanation from the administration why they flip-flop like this. It is very confusing to us.”
tRump has no clue about planning or about running a business (obviously).
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First, move out of China; second, relocate markets, e.g. 5G tech companies can go to Australia since they banned Hua Wei.
Donald “Made in America” Trump has lost his marbles. Can someone PLEASE help him find them?!😭🤣 TrumpIsADisgrace
Good. I hope trump and his disciples f everything up.
Remember when Republicans had crocodile tears over uncertainty when Obama was in office. Good times
The *Tom & Jerry* trade war on a loop. realDonaldTrump
Stealing in China
Say goodbye to your 401k
Trump is a terrible businessman and it’s funny mainstream media refuses to call him out lmao that’s the fake news
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