In Chinatown, the effects of the Trump administration's international trade war are stark, with Assembly Member Grace Lee highlighting a 145% import tax on goods from China. This tax has led to rising prices for everyday goods like incense and kitchenware, placing immense pressure on local businesses that cannot pass these costs onto consumers. Rep. Dan Goldman echoed these concerns, noting the unsustainable nature of such tariffs for small businesses operating on thin margins. Community members fear that these economic stresses threaten both cultural preservation and economic opportunities in their neighborhoods.
The staggering 145% import tax on goods from China is already making it harder for Asian American businesses to survive and for working families to afford what they need.
Small businesses like those in Chinatown cannot afford to raise their prices significantly because the community cannot afford it—these businesses will go out of business.
A 145% tariff is devastating. It is not survivable for the majority of small businesses here in Chinatown and throughout the Asian community around the country.
The tariffs are a tax on foreign imports of everyday items that typically get passed onto consumers, impacting local businesses and the community's economic vitality.
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