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Tariffs Divide California Businesses
9 Jan
Summary
- Some businesses face higher prices due to tariffs.
- Other businesses see growth opportunities from tariffs.
- Supreme Court to decide on emergency tariffs' constitutionality.
Businesses in California's Rye Canyon business park are experiencing vastly different effects from U.S. trade policies. For some, like plastic manufacturer Luis Ruiz, imported machinery became unaffordable due to tariffs, forcing creative solutions. Meanwhile, furniture seller Robert Luna is exploring production in Vietnam to mitigate costs on Mexican-made goods.
Conversely, Greg Waugh of Pacific Lock sees tariffs as beneficial, providing a competitive edge as customers seek domestic alternatives. However, Eddie Cole, whose motorcycle accessories business relies heavily on Chinese imports, has paid hundreds of thousands in tariffs and expresses frustration with the policies, despite previously supporting the president.
The U.S. Supreme Court's impending ruling on the constitutionality of President Trump's emergency tariffs, which have raised the average import tariff rate to nearly 17%, could lead to significant financial implications, potentially requiring refunds to importers and reshaping the trade environment for these varied businesses.
