The Fort Worth Press - 'Not the end': Small US firms wary but hopeful on tariff upheaval

USD -
AED 3.673008
AFN 64.503214
ALL 80.819685
AMD 361.405228
ANG 1.789785
AOA 917.000132
ARS 1525.743205
AUD 1.42204
AWG 1.80125
AZN 1.694926
BAM 1.741787
BBD 2.015015
BDT 123.745402
BGN 1.747831
BHD 0.377604
BIF 3000.997453
BMD 1
BND 1.278059
BOB 11.730759
BRL 5.0336
BSD 1.000472
BTN 94.559477
BWP 13.70595
BYN 2.971479
BYR 19600
BZD 2.012094
CAD 1.40468
CDF 2315.999614
CHF 0.823985
CLF 0.02484
CLP 977.639757
CNY 6.67805
CNH 6.673855
COP 3194.48
CRC 455.529135
CUC 1
CUP 24.010794
CVE 98.199695
CZK 21.58565
DJF 177.720049
DKK 6.651515
DOP 61.440772
DZD 134.600855
EGP 54.383604
ERN 15
ETB 163.87083
EUR 0.88984
FJD 2.253797
FKP 0.747587
GBP 0.74635
GEL 2.589651
GGP 0.747587
GHS 11.660299
GIP 0.747587
GMD 73.49688
GNF 8854.987666
GTQ 7.645587
GYD 209.311853
HKD 7.846885
HNL 26.857072
HRK 6.703799
HTG 131.084908
HUF 325.065498
IDR 18027.05
ILS 3.088402
IMP 0.747587
INR 94.43255
IQD 1516.6493
IRR 1832374.999738
ISK 121.269746
JEP 0.747587
JMD 158.780625
JOD 0.709015
JPY 158.134988
KES 129.859579
KGS 87.449845
KHR 4068.146802
KMF 439.503571
KPW 899.999961
KRW 1325.979763
KWD 0.31018
KYD 0.833753
KZT 446.890557
LAK 22518.390538
LBP 89591.044298
LKR 332.14739
LRD 170.580744
LSL 16.412051
LTL 2.95274
LVL 0.60489
LYD 6.419294
MAD 9.819615
MDL 17.998442
MGA 4521.489767
MKD 54.903951
MMK 2099.21541
MNT 3597.533576
MOP 8.085932
MRU 40.128421
MUR 47.319959
MVR 15.459751
MWK 1734.751129
MXN 18.645615
MYR 4.081198
MZN 63.902977
NAD 16.412051
NGN 1331.830194
NIO 36.816372
NOK 9.371645
NPR 151.295341
NZD 1.75332
OMR 0.384501
PAB 1.000481
PEN 3.438421
PGK 4.479652
PHP 63.399499
PKR 276.89823
PLN 3.87625
PYG 5756.677086
QAR 3.647261
RON 4.753003
RSD 104.53802
RUB 82.104013
RWF 1478.615162
SAR 3.748965
SBD 8.07458
SCR 13.97401
SDG 601.492558
SEK 9.878845
SGD 1.27707
SHP 0.7473
SLE 23.919966
SLL 20969.504398
SOS 571.749178
SRD 37.735499
STD 20697.981008
STN 21.819089
SVC 8.754392
SYP 13001.999685
SZL 16.418788
THB 33.570497
TJS 9.214157
TMT 3.51
TND 2.986543
TOP 2.40776
TRY 49.598465
TTD 6.792416
TWD 32.411301
TZS 2644.999678
UAH 45.047334
UGX 4207.076509
UYU 40.164934
UZS 11975.562621
VES 879.788897
VND 25856.5
VUV 119.136032
WST 2.774679
XAF 583.696876
XAG 0.017313
XAU 0.000241628771
XCD 2.70255
XCG 1.803058
XDR 0.707052
XOF 583.696876
XPF 106.20998
YER 236.101147
ZAR 16.360597
ZMK 9001.202969
ZMW 20.069287
ZWL 321.999592
SSP 5787.554334
MXV 2.10465
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

'Not the end': Small US firms wary but hopeful on tariff upheaval
'Not the end': Small US firms wary but hopeful on tariff upheaval / Photo: © AFP/File

'Not the end': Small US firms wary but hopeful on tariff upheaval

Small American businesses warned Friday that a tougher trade landscape was here to stay, as the Supreme Court's rejection of sweeping tariffs was quickly followed by President Donald Trump's pledge to impose new duties.

Text size:

"It's certainly not the end of the difficult trade environment that we're trying to deal with," said Ben Knepler, co-founder of outdoor chair maker True Places.

He was forced to radically scale back his Pennsylvania-based business last year after Trump imposed new tariffs on virtually all trading partners.

The high court's decision on Friday that these country-specific tariffs were illegal brought limited comfort.

"Even with this ruling, there's too much uncertainty for us to be able to restart production for the US," he told AFP.

Knepler had shifted his supply chain out of China to Cambodia at heavy cost after Trump's trade war with Beijing during his first presidency.

But Trump's new 19-percent tariff on Cambodia imports last year forced him to halt manufacturing. He is now working on selling the remainder of his inventory rather than continuing production while he plans his next steps.

But he said: "It does give us a little bit of hope that at least there's some kind of check on what was previously unlimited power outside of Congress."

- 'Surgical approach' -

Josh Staph, chief executive of Ohio-based Duncan Toys Company, urged a "more surgical approach to tariffs" after Trump announced his plan to impose new and sweeping 10-percent duties on imports.

Duncan Toys has been producing yo-yos, flying discs and model gliders in China, and Washington's escalating tariffs with Beijing last year similarly forced him to pause imports.

He was "cautiously optimistic" over the Supreme Court ruling.

But he said he "knows the administration is committed to imposing these tariffs, despite their impact on US toy companies and consumers."

Boyd Stephenson, who runs retailer Game Kastle in Maryland, told AFP he was "very excited to hear that the tariffs have been struck down."

He believes the legal limits can do "wonderful things for the gaming and toy industry over the next year," but conceded "the devil's always in the details."

"It's very much a wait to see how the removal of the tariffs percolates through the supply chain," he added.

Meanwhile, the effects of Trump's incoming duties remain uncertain.

- 'A setback' -

Drew Greenblatt, president of Baltimore-based metal product manufacturer Marlin Steel, worries however that Friday's court ruling was "a setback" for the United States.

Greenblatt has been supportive of Trump's steel levies, which alongside other sector-specific tariffs were not impacted by the high court's decision.

But he expressed concern that the outcome would hamper Trump's ability to navigate and negotiate trade deals with an aim of boosting US manufacturing.

"Do you think if we get into an adversarial relationship with one of these trading entities, they're going to supply us ships?" he asked. "Do you think they're going to supply us critical materials?"

"The wider concern is we need a robust manufacturing industry," he told AFP.

M.Cunningham--TFWP