This is a repeated theme with every business right now. Nearly every product both tangible and intangible will go up in price. Our services are dependent on a global supply chain.<p>The believe that US manufacturing will rise to the occasion is specious at best, and I would say that the amount of uncertainty with this administration makes it even less likely. Why would any large firm invest in creating a local supply when tomorrow the tariffs could be lifted - or some other wild unknown introduced for no real reason?
A few days ago, the Trump Administration announced that they will be ending the de minimis exemption for all shipments from Hong Kong and China on May 2. They also raised the minimum import tax on products made in China or Hong Kong to 54% of the sale price…