American boss complains: A $3000 product has $4600 in import duties.

Esner, who operates a men's grooming products company in the United States, has just received a customs bill that shows the total amount of goods he imported from China is about $3,000. However, due to a tariff of over 150%, he will have to pay $4,600 in tariffs alone. He is considering raising prices for his products or laying off employees to get through this difficult situation. The American media reported that small businesses do not have enough funds to withstand the impact of high tariffs, facing multiple hardships such as layoffs, salary reductions, or even closing down. Small businesses employ two-thirds of the workforce in the United States, making them crucial to the country.