China Tariffs and How They Affect YouLauryn Wyatt
Plastic Tariffs and The Vial Store
Many of us have heard how the 25% tariffs on Chinese goods have hurt businesses small and large. The 25% tariff charge on Chinese goods is seen by many economists as excessive and damaging to the economy.
In the midst of the COVID-19 pandemic, companies like Vivacity Sportswear, have been forced to halt manufacturing. Vivacity Sportswear has been paying 25% tariffs on one-third of its materials and due to the lack of demand they have seen revenue drop by 80% within the last two months. Even larger businesses, like Macy’s and Gap, have rallied together to ask President Trump for an extension on tariff payments so they can get a handle of their cash flow.
Many of our customers are essential businesses, and during a time of great strife and tribulation, and moving forward, we will not ask any customer to pay an extra fee due to tariffs. The Vial Store is committed to providing our customers with the highest quality product at an affordable price.
Thank you for choosing The Vial Store!