True Places, which manufactures outdoor gear, cannot afford to import its own products due to President Trump’s tariffs, despite relocating manufacturing from China to Cambodia.
Breakdown
- A small business grew rapidly by developing a portable chair and planned further expansion. 23s
- The company moved manufacturing from China to Cambodia to avoid tariffs, taking on significant debt. 38s
- Unexpected tariffs were imposed on Cambodian goods during the company's first production run. 55s
- The business incurred extra costs to import products before the tariffs took effect, resulting in limited inventory. 1m 20s
- Ongoing debt and tariff uncertainty have put the company's future at risk. 1m 45s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.