'I employ hundreds of American workers. I’d hire more if not for Trump’s tariffs.' via PostEverything
The New York Container Terminal in Staten Island. By Arnold Kamler Arnold Kamler is the chairman and CEO of Kent International, Inc., based in Parsippany, New Jersey. May 8 at 6:00 AM My family has been in the bicycle business since 1907, when my grandfather opened a shop on New York’s Lower East Side. That tradition continued in 1950, when my father started our company as a bicycles and accessories wholesaler.
Almost all of our parts are made in China: Saving on their manufacture has enabled us to hire American workers and offer them good wages and excellent health benefits. We were already paying duties of 4 to 10 percent when the Trump administration announced in 2018 that it would impose an additional 10 percent tariff on $200 billion of Chinese goods. We couldn’t simply pick up and buy from makers in other countries.
Now Trump has renewed his threat to increase tariffs to 25 percent Friday — a ridiculously short time frame that leaves us little time to react. I don’t belong to either political party, and I’ve voted for candidates from both. I understand very well that China has been cheating in all kinds of trade situations, from state subsidies to cybertheft. But — contrary to the president’s tweets this weekend — when the government levies tariffs, we Americans are the ones who end up paying.
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