• Latest
  • Trending
  • All

Tariffs hurt his business. He’s voting for Trump anyway

October 28, 2024

UK electric car sales target set to be weakened

June 14, 2026

Why the US economy keeps defying the odds

June 14, 2026

What we know about US sea drone used in helicopter crew rescue mission

June 14, 2026

Fears dogs to blame for drop in little tern numbers

June 14, 2026

Sinkholes near Purley bridge halt Gatwick trains

June 14, 2026

Friends hope death of footballer leads to new cardiac arrest rule

June 14, 2026

Glasgow race attacks a 'mark against the reputation of the city'

June 14, 2026

Jade Jones could face Sheena Bathory after dominant second boxing win

June 14, 2026

Days of violence 'a stain on NI's international reputation'

June 14, 2026

Clinical Australia upset Turkey in World Cup opener

June 14, 2026

Swiss voters reject 10 million population cap, early projections say

June 14, 2026

World Cup 2026: Fifa to pay Somali referee full tournament fee

June 14, 2026
News
  • Login
  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More
Sunday, June 14, 2026
No Result
View All Result

NEWS

3 °c
London
8 ° Wed
9 ° Thu
11 ° Fri
13 ° Sat
  • Home
  • Video
  • World
    • All
    • Africa
    • Asia
    • Australia
    • Europe
    • Latin America
    • Middle East
    • US & Canada

    Clinical Australia upset Turkey in World Cup opener

    Swiss voters reject 10 million population cap, early projections say

    World Cup 2026: Fifa to pay Somali referee full tournament fee

    Vincent's parents 'never say he's good enough' – so he turned to a middle-aged couple online

    Royal Marines board Russian shadow fleet oil tanker in English Channel

    Armed men kidnap high-ranking security official in Haiti

    The nuclear challenge at the heart of Trump's Iran negotiations

    New York Knicks win NBA championship for first time in over 50 years

    Bangladesh beat Australia to claim first ODI series win against six-time World Cup winners

  • UK
    • All
    • England
    • N. Ireland
    • Politics
    • Scotland
    • Wales

    Sinkholes near Purley bridge halt Gatwick trains

    Glasgow race attacks a 'mark against the reputation of the city'

    Jade Jones could face Sheena Bathory after dominant second boxing win

    Days of violence 'a stain on NI's international reputation'

    Molly Russell's dad says PM rushing social media restrictions 'deplorable'

    Eight arrests at anti-immigration and counter protest in Brighton

    Thousands gather for anti-racism rally in Belfast after disorder

    Women’s T20 World Cup: Scotland beat Ireland at Old Trafford to earn first win

    Thousands attending annual Pride Cymru festival

  • Business
    • All
    • Companies
    • Connected World
    • Economy
    • Entrepreneurship
    • Global Trade
    • Technology of Business

    UK electric car sales target set to be weakened

    Why the US economy keeps defying the odds

    Teen plans to leave uni 'debt free' after making £35,000 selling vintage football shirts

    Beauty Pie LED mask ad banned over misleading anti-wrinkle claim

    Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut

    'I was employee number one at SpaceX'

    Reporter Reads

    Elon Musk’s SpaceX raises $75bn ahead of record stock market debut

    Mike Ashley's Frasers offers £1.73bn to buy all of Hugo Boss

  • Tech
  • Entertainment & Arts

    Meghan hits red carpet at Power of Women in Hollywood

    Margot Robbie unable to speak at Saltburn premiere

    Barbra Streisand: Siri can now pronounce my name

    Wes Anderson’s The Grand Budapest Hotel inspires cinema’s look

    Taylor Swift/ Travis Kelce romance reaches White House

    The Killers booed at Georgia concert after inviting Russian fan on stage

    Watch: Memorable moments from Parkinson's star-studded show

    Tom Jones: Neighbour surprised to find singer in flat below

    Black Country Folk Festival showcases local musicians

    Watch: Australians set new world record with Tina Turner dance

  • Science
  • Health
  • In Pictures
  • Reality Check
  • Have your say
  • More
    • Newsbeat
    • Long Reads

NEWS

No Result
View All Result
Home Business

Tariffs hurt his business. He’s voting for Trump anyway

October 28, 2024
in Business
14 min read
248 5
0
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


from Wyoming Traders Alan Chadwick at a trade show for the apparel for the working cowboyfrom Wyoming Traders

Alan Chadwick at a trade show

For almost 35 years, Wyoming entrepreneur Alan Chadwick has run his business importing clothing from China and selling the Western-style gear to stores serving “working cowboys” in the US.

Now, as former President Donald Trump campaigns on a pledge to hit all goods coming into the country with a 10%-20% tariff, or border tax, which would rise to 60% for goods from China, Chadwick is having to drastically rethink his strategy.

The 66-year-old has been exploring moving manufacturing of his products, like wool shirts with snaps and canvas jackets, to India or Pakistan – or perhaps closing his Wyoming Traders business, which employs 16 people, and retiring altogether.

Chadwick said tariffs were a “tax on the American people” and warned that the expense for a company like his of opening a factory in the US was unrealistic.

But as he prepares to cast his ballot, he expects to swallow his qualms about tariffs in favour of other priorities, such as illegal immigration and opposition to abortion.

“I will vote for Trump even though he’s going to hurt our company if he does what he says he’s going to do,” he said.

Chadwick’s readiness to look past Trump’s views on tariffs is a sign of the contradictory impulses shaping American politics.

The Republican’s platform has shifted America – once a global champion of free trade – towards an embrace of policies that are designed to protect US companies and jobs from foreign competition, despite the potential economic drawbacks.

During his first term, Trump hit thousands of items from China with tariffs – measures that President Joe Biden, despite criticising them before entering the White House, kept in place.

This year, the Republican has put plans for sweeping tariffs at the centre of his presidential campaign, calling such duties “the most beautiful word in the dictionary”.

He argues his plans – which analysts say could return the average charge on imports to the highest level in at least 50 years – will spur job creation, reinvigorate US manufacturing, drive up wages and raise billions of dollars from other countries.

“We’re going to be a tariff nation. It’s not going to be a cost to you, it’s going to be a cost to another country,” he has said on the trail.

His claims are rejected by most traditional economists, who say the policy would do little to expand employment in the US, while raising costs for everyday Americans and slowing growth around the world.

Getty Images US President Donald Trump holds up a signed presidential memorandum targeting China's economic aggression with a large signature in the Diplomatic Room of the White House in Washington, DC on Thursday, 22 March, 2018. He is wearing a navy suit, white shirt and blue tie. A group of people - whose heads are cut from the photo - stand behind him.Getty Images

Donald Trump kicked off a trade war with China in 2018

In the US, the Tax Foundation predicts the tariffs would reduce overall employment by 684,000 and shrink GDP by 0.8% – and that’s without taking into account the almost certain retaliation from other countries.

For a typical US household, costs would rise by at least $1,700, according to the Peterson Institute for International Economics, one of the lower estimates out there.

“It’s absurd,” economist Wendy Edelberg, director of the Hamilton Project and senior fellow at the Brookings Institution, said of Trump’s promises. “This is not the panacea that people are hoping for.”

Despite the warnings, some surveys indicate that Trump’s ideas are resonating: a September poll by Reuters/Ipsos found that 56% of likely voters favoured the Republican’s tariff plans.

Kyle Plesa, a 39-year-old Trump voter in Miami, Florida, said he did not think tariffs would have precisely the impact the candidate has promised, but the Republican’s focus on the pitfalls of globalisation had touched a nerve.

“People are upset about it and I think Trump is at least addressing it,” he said.

“I would probably prefer protecting business and paying a little bit more due to tariffs than I would dealing with the current state of inflation and raising taxes from the left,” he added.

Kyle Plesa A headshot of Kyle Plesa smiling at the camera. He has black hair and facial stubble.Kyle Plesa

Kyle Plesa

Democratic presidential nominee Kamala Harris has attacked Trump’s tariff expansion plans as a “national sales tax”, pledging a more targeted approach.

But Trump has said money brought in from tariffs could allow for big tax cuts – sometimes floating the idea of eliminating income tax altogether.

Meanwhile, President Joe Biden’s decision to maintain Trump’s China tariffs – and expand them on items such as electric vehicles – has also allowed the Republican to claim a policy victory.

Biden has also signed off other protectionist policies, such as on historic government spending to boost manufacturing in sectors such as semiconductors and green energy.

He and Harris, like Trump, have opposed the takeover of US Steel by a Japanese company on national security grounds, raising chills in the business world about foreign investment.

Michael Froman, who served as the US trade representative under former President Barack Obama, said Washington’s turn to tools like tariffs and restrictions on foreign investment was “probably here to stay”.

“There certainly is less enthusiasm around pursuing what we might call an affirmative trade agenda in terms of liberalisation, openness, reduction of barriers,” he said. “We just have to recognise that none of these policies are actually free. They all impose some kind of trade-off.”

‘Tariffs have not helped bring back jobs’

Jasco Headshot of Jason Trice smiling at the camera. He has brown hair and a brown beard and wears a shirt and jacket.Jasco

Jason Trice

Jason Trice, the co-chief executive of Jasco, an Oklahoma-based lighting and electronics company that sells to major retailers such as Walmart, said the experience of his firm shows the damage tariffs can do.

Since 2019, it has paid hundreds of millions of dollars worth of tariffs while transforming its supply chain, moving the bulk of its manufacturing from China to places such as Vietnam, Malaysia and the Philippines.

He said the changes have made his firm less efficient and raised costs by about 10%-15%, which he has passed on to retailers, ultimately raising prices and contributing to inflation.

It has all taken a toll on his business, which has seen revenue fall 25% since 2020 and its staff numbers drop, via attrition, from 500 to 350.

“In 50 years in business, the Chinese government has… never done anything nearly as damaging to our business as what the Trump administration has done,” Trice said. “Tariffs have not helped bring jobs back to America. Tariffs have hurt American businesses and reduced employment opportunities.”

Lucerne International Mary Buchzeiger (centre) stands in a row with her team at a Lucerne International warehouse. The team look at the camera, with carboard boxes piled up on shelves behind them.Lucerne International

Mary Buchzeiger (centre) with her team at Lucerne International warehouse

Lucerne International, a car parts supplier based in Michigan that has manufactured in China for decades, has also spent the last few years adjusting to the new climate.

With help from government incentives, the company is now working to open its first factory in its home state in 2026, plans expected to create more than 300 jobs over four years.

But though the project might sound like the kind of successful “reshoring” politicians in both parties want to see, chief executive Mary Buchzeiger, a long-time Republican, said it was a mistake for the US to try to “build walls” against its rivals.

“I don’t think tariffs are a long-term solution,” she said.

“All we’re going to do is continue to make ourselves uncompetitive on a global scale.”

Michelle Fleury contributed to this report

Divider showing white stars on blue and red striped background
A BBC banner graphic reads: "More on US election"
A BBC graphic advertises "US Election Unspun: The newsletter that cuts out the noise around the presidential race"

North America correspondent Anthony Zurcher makes sense of the race for the White House in his twice weekly US Election Unspun newsletter. Readers in the UK can sign up here. Those outside the UK can sign up here.



Source link

Tags: businessHeshurttariffsTrumpvoting

Related Posts

UK electric car sales target set to be weakened

June 14, 2026
0

The new target hasn't yet been decided, with different numbers under consideration, the BBC understands. Source link

Why the US economy keeps defying the odds

June 14, 2026
0

Why has the American economy continued to outperform so many of its peers, despite facing the same global shocks?...

Teen plans to leave uni 'debt free' after making £35,000 selling vintage football shirts

June 14, 2026
0

Eleri Williams started out selling her dad's old football shirts and has just opened her own shop. Source...

  • Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

    677 shares
    Share 271 Tweet 169
  • Belgian footballer arrested in cocaine investigation

    533 shares
    Share 213 Tweet 133
  • Next to raise prices to help pay for rising wage costs

    531 shares
    Share 212 Tweet 133
  • South Wales Police officers injured, one arrested

    525 shares
    Share 210 Tweet 131
  • Charities to get £15m fund to save surplus farm food

    516 shares
    Share 206 Tweet 129
  • Trending
  • Comments
  • Latest

Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

January 16, 2025

Belgian footballer arrested in cocaine investigation

January 27, 2025

Next to raise prices to help pay for rising wage costs

January 7, 2025

World Cup 2022: TikTok brings football fever to millions of fans

0

UK economy will get worse before it gets better, warns chancellor

0

One of Central America’s most active volcanoes erupts again

0

UK electric car sales target set to be weakened

June 14, 2026

Why the US economy keeps defying the odds

June 14, 2026

What we know about US sea drone used in helicopter crew rescue mission

June 14, 2026

Categories

Companies

UK electric car sales target set to be weakened

June 14, 2026
0

The new target hasn't yet been decided, with different numbers under consideration, the BBC understands. Source link

Read more

Why the US economy keeps defying the odds

June 14, 2026
News

© 2023 GODJ - NEWS CORP - news.godj.com.

Explore NEWS.GODJ.COM

  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More

Follow Us

  • Home Main
  • Video
  • World
  • Top News
  • Business
  • Sport
  • Tech
  • UK
  • In Pictures
  • Health
  • Reality Check
  • Science
  • Entertainment & Arts
  • Login

© 2023 GODJ - NEWS CORP - news.godj.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.