Massive reprisal prices that have entered into force today before taking a break suddenly on break have left companies in the center of Eden rethinking prices and fear for the future.
The Church Falls shopping center with more than 120 family businesses are based strongly on sales of products imported from Vietnam, China and many other countries that have led economic roller coasters over last week.
From a supermarket with thousands of grocery stores imported to a jeweler selling gold and imported accessories, owners of the church of the church of Falls told Arlnow that the deployment of changes endangering substantial parts of their supply chains.
Local leaders and defenders emphasize the economic importance of the Vietnamese Regional Trade Center, but they still formulate a game plan for Falls church while sudden changes continue to vibrate the markets. To date, China is now faced at 125% prices and most countries are still faced with 10% prices.
“Financially, this rate could devastate small family businesses that have served as an anchors of our community for generations,” said DC region earlier, President Donald Trump, Viet Place collective, Jess Nguyen, declared earlier in the day, before President Donald Trump hears his intention to delay a 46% price on Vietnamese products. “Many of these business owners operate on thin margins of razors, given the current economic landscape of the Center of Eden.”
Belinda Bian, assistant director of the Good Fortune supermarket, told Arlnow earlier this week that she planned to lose money on prices affecting Asian imports.
Products with prepackaged foods, Bian said that Good Fortune – which sells more than 10,000 imported grocery articles – has prepared to increase prices in response to prices on its items from China, Vietnam, Thailand, South Korea and more.
“If the purchase price changes, we have to do it,” she said. “We will try not to make it grow so high, like a big difference. Probably, we will lose money so that customers buy these items. We will sacrifice ourselves. “
‘I hope they stop it’
The Park, an employee of Tiem Vang Tin Hanh Jewelers, told Arlnow that the price of imports in gold from its store from Italy and Hong Kong should soar under the Trump price plan.
“Gold prices have already increased (recently), the more the price. This means that it will be so calm,” said Park. “Sometimes four or five days, there is none (customer).”
Coupled with inflation and high rent costs since 2020, Bian said it was more difficult for Eden Center business owners to “maintain balance” financially. Price increase can scare customers, but stores must always make a profit.
“We just want to put food on everyone’s table. It is very important, because for this store, it’s not just a store,” said Bian. “We have created a relationship with our community. They come here so as not to shop only, but to socialize, and sometimes, just tell us hello. ”
Park said his shop was in a similar situation with increased costs and less business.
Nguyen, whose organization pleads for Vietnamese cultural preservation, says that these economic symptoms are on the sheet with a “coordinated compression” which threatens to move local Vietnamese companies.
“When associated with the imminent threat of prices, we are witnessing a coordinated compression: from top to bottom by federal commercial policy and the field by local rents,” she wrote. “The result is a systemic push of the Vietnamese cultural and economic presence in the largest Vietnamese cultural and community center on the East coast.”
However, not everyone sees it in this way. The owner of Eden Center, commercial capital Properties, has expressed his confidence in the economic health of the center – at least for the moment.
Alan Frank, Vice-President Director and Advocate General, refused to comment on the prices directly, but said that business had been “formidable” lately.
“I hope this will stay in this way,” said Frank in Arlnow. “It’s really very good.”
Park added that she finds herself in disagreement with some of her peers from the center of Eden who express the support of the president.
“I hope they stop it. The president needs to do something. You say they make America great. This is not the case. He does not do it,” said Park. “You have injured everyone right now … The rich, of course, they have the money to spend. But normal people we injured ourselves. ”
In August, President Trump made a surprise campaign visit alongside the Senate candidate at the time, Hung Cao (R).
The duo received a support for support from customers from the Truong Tien restaurant.
“In one way or another, I don’t know what it is, you will have to explain it, but the Vietnamese community loves me, and I love them,” said Trump.
He was greeted by cheers, although the organizers of the Viet collective place are “deeply concerned about Donald Trump’s armament of post-war refugee communities like ours,” said Nguyen.
While Vietnamese Americans tend to look slightly more Republicans in the polls, the party lines are generally divided between generations, according to Pew Research Center.
Local leaders react
The sporadic changes in politics also shaken local leaders, in particular the mayor of Falls Church, Letty Hardi.
She declared to Arlnow in an email that the city “was preparing for impacts” – effects on transport projects that require steel, for work carried out by local businesses, “in particular at the Eden Center”.
“I know how hard business work to keep the doors open and serve our community, and these additional costs can make it even more difficult,” she wrote. “When prices increase prices on goods, this affects not only their net profit, but it can also make things more difficult for customers.”
She intends to visit Eden Center this month to chat with business owners on prices.
Meanwhile, the representative Don Beyer (D) warned the voters of the prices “historically high” during a meeting of the telephone town hall on Monday evening.
“If (Trump) leaves them in place, and we do not know, he goes up and down, and from top to bottom – they will lead to massive price increases in American families,” said Beyer.
