President Trump’s decision to exempt Apple’s iPhone and other tech products from new China tariffs offered limited relief, as the broader U.S. economy, especially small businesses, faces growing strain from a sweeping 145% tariff on Chinese imports.
Supply chain disruptions are accelerating, with freight orders canceled and containers abandoned. Alan Baer, CEO of OL USA, summed up the situation, saying, “Almost everything is on hold as it relates to China business.”
Industries like furniture, toys, and apparel have seen U.S. orders from China come to a complete stop. Businesses are scrambling to shift sourcing to Southeast Asia or suspend production altogether.
