It doesn’t matter that you have contracts in place to sell in Target and Walmart if the cost of new prices on Chinese products prevents you from getting your products.
Beth Fynbo Benike, founder of Oronoco, Busy Baby, based in Minn., Wrote in an article in tears on social networks that she leaves $ 160,000 of her silicone baby mats in China because she cannot afford new prices.
“I leave them there because I just can’t afford to ship them here,” she said. “I am terrified for my business and for all small businesses in the United States.”
Beth Fynbo Benike, founder of Busy Baby, speaks with her brother and Coo Eric Fynbo about an order which they package for Walmart on October 15, 2024 at their location in Zumbrota. (Anthony Souffle / The Minnesota Star Tribune)
President Donald Trump said he would impose an additional 50% rate on Chinese products on Wednesday. This will carry the price for many goods to 104%.
This is part of an escalation of the trade war by the Trump administration against dozens of countries.
The occupied baby is just to the point where his momentum is being built. After a pilot race with Walmart, the company in southeast Minnesota signed a contract to provide the retail giant with babies and other accessories until 2026. Busy Baby is also in a test with Target.
Already, Fynbo Benike, the new person of the minnesota year of Minnesota, the new company of the year, has faced higher costs to increase their business, in particular by hiring more employees.
Custom silicone baby carpets with lollipops, spoons and attached rattles were to leave China this month.
