VOA 2018.7.29(Karri_L)
The last few weeks have been extremely stressful for Liang Liang who owns an import wholesale business in Los Angeles. I’ve been watching the news every day. When will the tariff be put in place? When are my goods arriving? It’s a fight against time. I’m trying to order all my products for the rest of the year. Most of his goods such as toys and T-shirts come from China, Liang’s home country. He expects a 10 to 20 percent increase in shipping costs, as prices rise. Because of the tariffs, some manufacturers and retailers may order fewer products, cutting the volume of trade and shipping between the two countries. Once that happens, you’re gonna see an increase in the rates for shipping because when you don’t have the volume to justify the goods going back and forth, you’re gonna see a further increase in that shipping cost. And shipping costs will affect all trade between the US and China, not just the goods on the list to be taxed.