The trade war between the U.S. and the world isn’t just an abstract concept. It’s something very real and painful for small businesses, especially those that rely on products from China. In this episode, we talk to two Asian American female small business owners who are fearful about their future because of the wild swings in tariff policy. First it was a 145% tariff imposed by Donald Trump on all Chinese imports to the U.S.. China responded by slapping a 125% tariff on U.S, imports. But on Monday, May 12, it was announced after meetings in Switzerland, that there will be a 90 day pause on the triple digit tariffs to allow for more negotiations. Although this may seem like progress, there's apprehension about what's coming next, especially since the trade war, to many, was self-inflicted by the U.S. President. China, on the other hand, has not changed its policy nor has it agreed to any concessions or compromise. For small business owners like Elenor Mak, founder of Jilly Bing dolls and Evelyn Wang, founder of the hair care line Silverist, the uncertainty only fuels their fears and anxieties. But, they're also not willing to give up the fight to save their businesses. Both true examples of fierce, Asian female entrepreneurs!
PLEASE NOTE: This episode was recorded BEFORE the conclusion of the meetings between U.S. and Chinese officials in Switzerland.
Show Notes:
jillybing.com
silverist.com
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