Bonnie Ross, a clothing importer, experienced brief relief after the U.S. announced temporary tariff cuts on China, decreasing from 145% to 30%. However, this limited timeframe creates urgency, prompting her and others to expedite shipments. Jay Foreman, a toy manufacturer, noted the 30% tax is manageable but will increase consumer prices. While both see the tariff reduction as a positive, they are concerned about the potential for increased freight rates and ongoing uncertainty in future tariffs post-90 days.
"It was a great relief for about five minutes," Ross says. "Now it's going to be a rush because everybody wants it out in the next 90 days."
"We've been holding everything at the factories and at the ports, because we didn't want to risk putting anything on containers with a 145% tariff," Foreman says.
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