Trump’s tariff rattles US importers; Woldenberg’s CEO calls it ‘end of days’

US businesses are reeling from former President Trump's unprecedented 145% tariffs on Chinese imports, implemented in retaliation for alleged unfair trade practices. Companies like Learning Resources face massive tariff bills, potentially crippling their operations, while others scramble to find alternative manufacturing locations. The unpredictable policy is causing widespread uncertainty and could significantly impact US GDP growth and inflation.

TOI Business Deskمصدر