The president of O’Leary Ventures, Kevin O’Leary, explains how the United States can solve trade and economic problems with China “once and for all” evening edit “.
American consumers notice a new line on their purchase receipts – a price supplement. Even with the 90 -day break from President Donald Trump on prices, businesses and customers feel the impact, in particular those importing their China products.
The surcharges have arisen in several industries, which has an impact on almost everything, from clothing prices to the manufacture of cars. Some companies charge flat fees, while others charge a percentage of the total cost of a given purchase.
US President Donald Trump attended a bilateral meeting with Chinese President Xi Jinping at the G20 leaders’ summit in Osaka, Japan on June 29, 2019. (Reuters / Kevin Lamarque / Photo File / Reuters)
Trump’s prices: What rates have been imposed on the main business partners or have taken a break?
Alexandra Fine, CEO and co-founder of Lady, a sexual well-being company, spoke with The Wall Street Journal (WSJ) on the recent Trump rate supplement of $ 5 of his business.
“This does not cover the total cost – not even close – but it was better than pretending that everything is fine,” said fine in WSJ. She said that the supplement focused on a “declaration” and that customers “know how these policies have an impact on us all”.
The company manufactures its products in China, which was struck by an import rate of 145% in the midst of increasing trade tensions between Trump and Chinese President Xi Jinping.
Amazon on the App Store is visible in this illustration photo taken in Poland on June 29, 2024. (Jakub Porzycki / Nurphoto via Getty Images / Getty Images)
Kevin O’Leary supports Trump’s prices to prevent China from “killing small businesses in America”
The CEO of Amazon Andy Jassy recently said to CNBC That he thinks that the manufacturers will begin to “transmit this cost” to customers rather than trying to absorb them. Many third -party sellers of the company – who represent 60% of the products sold on Amazon – are based in China and are faced with the most severe prices of Trump.
Wedding dresses also increase due to prices. Paul Virilli, co -owner of Jan’s Boutique in New Jersey, told CBS News that the prices of China dresses also increased.
“We hope that the relationship of China and the United States will be repaired and resolved so that we can continue to sell this dress at the price in which it is marked,” said Virili told CBS News. The outlet noted that most of its dresses come from China and Vietnam.
President Donald Trump responds to a media member at a meeting with Israeli Prime Minister Benjamin Netanyahu in the White House Oval Office on April 7, 2025. (Images Kevin Dietsch / Getty / Getty Images)
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On Friday, the White House press secretary Karoline Leavitt said Trump was “optimistic” about the competition from China on prices. Currently, Beijing has a price of 84% on American imports.
“The president clearly indicated that he was open to an agreement with China,” said Leavitt. She also said Trump would be “graceful if China intended to conclude an agreement with the United States”.
