38 Founders of the Consumer Start Founders over Trump Rates: One has a surprise of $ 200,000

According to President Trump’s increased tariffs, small businesses can be crushed, according to an open letter by 38 female consumer products.

While Trump has interrupted its tariff Increases for 90 days for different countries – to set the rate for now at 10% – were China’s Increase up to 145%which includes the previous 20% levy.

In the letter, published on Thursday, these founders requested Trump and Congress to promote the tariff increases, at least until small businesses can find affordable supply chain alternatives. In short, they want releases for small businesses.

The letter was written by Allison Luvera, founder of Juliet Wine, a start that sells luxury boxing wine directly to consumers. Luvera says to TechCrunch that she faces a surprising $ 200,000 account annually because she buys a key packaging component from overseas and has no US alternative.

The letter documents some other such problems, such as a home cleaning brand that should get its refillable bags from overseas due to lack of immediate US options. Rates threaten to increase the cost of that bit of packaging by 80%.

According to the group of 38, their businesses are earned $ 800 million annually, thousands of service and source supplies from both domestic and international manufacturers. They point out that rates end up on small businesses.

“Unlike large companies, small businesses do not have the leverage to renegotiate the supply chain contracts, the margins to increase sharp costs, or the capital needed to quickly reconfigure the global supply chains,” Luvera wrote.

This group wants other small business owners – and someone else who is concerned about the economic impact – help them support the congress. They ask for a small business assessment – so the government knows the impact. Ideally, they want small businesses to be exempt from such tariff increases. If they fail, they are engaged in ‘allowances, tax incentives or technical assistance’ to help our small businesses solve their pain in the supply chain caused by Trump’s trade policies.

Among the signatories are designer Rebecca Minkoff and Alison Wyatt of the female founder collective. Others include: Emily Doyle and May Kwok from Dune Suncare and Yanghee Paik of Rael.

(Tagstotranslate) CPG (T) Rates (T) Trump’s Rates

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