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14-04-2025, 08:56 AM
On Wednesday, the day Trump announced the pause, Shriver sent a letter to 300 clients for whom Eco Lips manufactures products for their own labels, letting them know that prices will rise and that time frames for delivery will be pushed out.
“I don’t trust it. It’s a 90-day pause. It could change again in 10 days,” Shriver said. “There are still 10 per cent tariffs across the board, and that’s a substantial addition to our prices.”
“People aren’t going to buy toys if they are worried about prices rising for food and other staples,” he said.
“This could put us under, put us out of business,” she said. “We’re scrambling right now over what to do.”
On March 5, Ahmad-Post received a letter from Ducharme that it was required to comply with the new Trump trade taxes and “apply the corresponding tariffs to your project.”
At the time, those tariffs for Canada were at 25 per cent — an increase in US$140,000 for the Newman Centre seat project, an unwelcome development for an institution still trying to rebuild its rainy-day fund that was depleted by the Covid-19 pandemic.
“The chairs are already in production, it’s not like we can just pivot,” Ahmad-Post said. “Now we’re stuck trying to figure out how we’ll pay for this.” — Reuters
https://www.malaymail.com/news/money/202...ffs/172925
“I don’t trust it. It’s a 90-day pause. It could change again in 10 days,” Shriver said. “There are still 10 per cent tariffs across the board, and that’s a substantial addition to our prices.”
“People aren’t going to buy toys if they are worried about prices rising for food and other staples,” he said.
“This could put us under, put us out of business,” she said. “We’re scrambling right now over what to do.”
On March 5, Ahmad-Post received a letter from Ducharme that it was required to comply with the new Trump trade taxes and “apply the corresponding tariffs to your project.”
At the time, those tariffs for Canada were at 25 per cent — an increase in US$140,000 for the Newman Centre seat project, an unwelcome development for an institution still trying to rebuild its rainy-day fund that was depleted by the Covid-19 pandemic.
“The chairs are already in production, it’s not like we can just pivot,” Ahmad-Post said. “Now we’re stuck trying to figure out how we’ll pay for this.” — Reuters
https://www.malaymail.com/news/money/202...ffs/172925
