The Chinese government announced a new set of tariffs on American goods upwards of $60 Billion dollars on Monday, according to The New York Times. The tariff increase is reportedly in response to the Trump Administration’s $200 million dollar tariff hike on imported Chinese goods.
John Wong runs Wong Kai Imports in Bradenton, a family-owned specialty store of ethnic food products that he has owned for the last 38 years.
From Chinese pork buns, hard-to-find vegetables, teas, and condiments, Wong Kai import’s ethnic food goods from China and other Asian countries for retail and wholesale customers.
Despite the good business he has received of late, Wong claims that he is already witnessing the negative impact on local businesses due to the potential trade war with China.
“This lady I talked to today, and it hasn’t even started yet, her container is coming in is already 25 percent on top of normal before she paid for it,” Wong said.
“It’s not right,” he added.
Wong is not alone in his concern, as media reports reflect this week:
- The Washington Post reported the fears expressed by U.S soybean farmers are witnessing the effects of stalling exports to China.
- CNBC reported on Monday that the S&P has dropped 1.1 trillion dollars in market value, where the President’s recent tariff tweetstorm has reportedly shaken investors.
- “We’re Freaked.” CBS News quoted the official statement by the American Apparel Association in response to the prospect of retail price hikes.
In 2016, Wong voted for the president.
Going into 2020 as of this moment, he’s lost confidence in the president’s ability to focus on the plight of the American people, equating his dispute with China to a petty family squabble.
“The way I look at it is, you are helping the people of the United States, and now you are trying to, you know, ‘you don’t do this for me, I’m not going to do that for you’,” Wong said. “It’s like a sibling, your kid, your brother
The potential impact of Trump’s potential trade war and immigration focus having a chilling effect on Asian-American voters are already being felt according to Vox.com’s Li Zhou, where exit-poll data indicated a 77 percent increase in Asian-Americans who voted for Democratic
President Trump continued his justification via Twitter on Tuesday with claims that the 25 percent increase on imported Chinese and foreign “dumped” steel will help save the American auto industry.
In one year Tariffs have rebuilt our Steel Industry – it is booming! We placed a 25% Tariff on “dumped” steel from China & other countries, and we now have a big and growing industry. We had to save Steel for our defense and auto industries, both of which are coming back strong!— Donald J. Trump (@realDonaldTrump) May 14, 2019
Despite President Trump’s continued hostile tone on the web, John Wong hopes that cooler heads will prevail.
“This trade war, hopefully both sides talk about it,” Wong said. “Not just the United States and China, but the whole world.”
For more information and updates on products from Wong Kai Imports, visit their Facebook page.