x

Tariffs put American businesses under huge pressure

 

By Zheng Qi, People’s Daily

 

Patricia Phillips, president of a chemical manufacturer SNP Inc., said her company is in a life-or-death situation because of the additional tariffs proposed by the U.S. government on Chinese imports.

 

Phillips made the remarks on June 20, the fourth day of the seven-day public hearing on Washington’s plan to impose additional tariffs on nearly $300 billion worth of more Chinese imports held by the Office of the United States Trade Representative (USTR).

 

Located in North Carolina, SNP specializes in producing sodium alginate products. Chinese companies are the most important suppliers of raw materials for SNP, Phillips said.

 

Her father passed away a few days ago, but she must attend the hearing at this crucial moment, expressed Phillips, almost weeping. Phillips said her company was set up with painstaking efforts by her father 58 years ago, and they have been working very hard all these years to make SNP what it is now.

 

It is the second time for SNP to take part in the public hearings. Phillips hurried to attend her father’s funeral immediately after she stated her views in front of the officials at the hearing.

 

With facts and data, U.S. business owners from various fields including textile, chemical industry, medical field, clothing, glasses, jewelry, and sport products, elaborated on the irrationality of the tariffs and the importance of Chinese supply chains.

 

Founder and CEO of a design and development company of high-end women’s lingerie in Massachusetts brought some of the company’s products to the hearing. Each of the products was handsewn with 30 to 45 pieces of cloth, which requires high standards of manufacturing techniques.

 

She had investigated 14 countries other than China, but none of which can meet her company’s requirements for production, according to the CEO, who told the officials about her experiences of trying to find substitutes for Chinese manufacturers.

 

She said that workers in these countries do not want to do such tedious jobs which involve handcraft like hand sewing and beading. Some worker couldn’t meet the company’s quality standards, and some factories couldn’t deliver goods in time.

 

Ryan McFarland, founder and CEO of Strider Sports International Inc., was born in a family which was familiar with bike racing. In order to build a suitable bike for his son, McFarland made a balance bike by himself and hence set up the brand Strider, which has sold more than 2.5 million bikes around the world.

 

McFarland’s success owes much to Strider’s cooperation with a manufacturer in Ningbo, east China’s Zhejiang province. Today, the U.S. government’s plan to impose additional tariffs on more Chinese imports pose a serious problem for Strider, which has shelved its domestic expansion and recruitment plan in the U.S.

 

Doug Hill, president of AFX Helmets, drove over 1,000 kilometers to the hearing from Michigan. Showing People’s Daily motorcycle helmets of his company, Hill explained that the products contain patented technologies of his company’s manufacturing partner in Guangzhou, capital of south China’s Guangdong province.

 

The partner’s high-tech materials not only make the helmets lighter, but enhance the protective performance of the helmets, said Hill.

 

If the additional tariffs were to be put into practice, the price of the company’s products would be raised from $80 to $120, which means consumers might become reluctant to replace their helmets even if they degrade, or just buy cheaper products, according to Hill, who pessimistically predicted that the sales volume of his company could drop by 50 percent because of the additional tariffs.

Hot this week

Eggon Stakeholders Endorse Ombugadu for Nasarawa North Senate Seat

By Abel Zwanke, LafiaThousands of stakeholders from the Eggon...

Governor Uba Sani Targets Kaduna as Northern Nigeria’s Agriculture and Livestock Hub

By Achadu Gabriel, KadunaKaduna State Governor Uba Sani...

Kaduna Government Warns Against Illegal Land Sales at NNPC Quarters in Sabon Tasha

By Achadu Gabriel, KadunaThe Kaduna State Government has...

Rainstorm Destroys Over 40 Houses, Churches in Kogi Community

From Noah Ocheni, LokojaResidents of Egbeda Egga community...

NMWF Supports Healthcare , Upgrades Sections of Zuba General Hospital

By Joyce Remi- BabayejuThe Nigerian Ministers' Wives Forum (NMWF)...

Dogara Celebrates Baba Jang at 82, Hails Him as a Visionary Statesman

Former Speaker of the House of Representatives and Chairman,...

FG Gets Long-Acting Injectable Lenacapavir for Strengthen HIV Prevention in Nigeria

By Joyce Remi-BabayejuThe Federal Government has received the Long-Acting...

Nasarawa North CAN Backs Gov. Sule, Urges Senate Bid in 2027

By Abel Zwanke, LafiaThe Christian Association of Nigeria (CAN)...

Shiite Protest Disrupts Traffic, Business Activities in Kaduna

By Achadu Gabriel, KadunaHundreds of members of the...

TCN Begins Construction of 330kV Transmission Line at Ihovbor to Boost Power Supply

By Jabiru HassanThe Transmission Company of Nigeria (TCN)...

Riyom Council Congratulates Gov. Mutfwang at 61, Commends Peace Efforts

By Israel Adamu, JosThe Executive Chairman of Riyom Local...

Delta Approves Over ₦400bn for Roads, Security, Infrastructure Projects

By Anne AzukaThe Delta State Government has approved infrastructure...

I’ ll contest for Nasarawa Governor in 2027, says Ombugadu

The two People's Democratic Party ( PDP) Governorship candidate...

Related Articles

Popular Categories

spot_imgspot_img