Pricing tray | Small NC Business questions how long “before closing our doors” with 152% price in China

Raleigh, NC (WTVD) – A owner of a small business says that he will soon have to make a difficult decision. Its products come from China. He recently received an expedition abroad and spent thousands of dollars in price fees.

Joshua Esnard says he placed a small order which was just sufficient to keep the shelves in stock and fulfill his contractual obligations.

Esnard paid more money in prices than on the real product.

“If I could get on the boat and throw my things in the water, I could,” he said.

Esnard showed ABC11 the American customs receipt and border protection. He ordered about $ 3,000 in goods in China, then paid $ 4,600 for the 152% tariffs that were imposed.

“Right now, I'm working for free or at a loss,” said Esnard. “I don't know how long we could support this before closing our doors.”

Not so long ago, he paid much less.

“My normal rate is 7.5,” said Esnard.

He owns Cut my friend, which offers men's grooming tools and grooming kits.

Esnard says he's going to $ 3 in the red with each item he sells with the 152%rate.

It appeared on the ABC shark tank in 2017 and now has contracts with large retailers such as Target, Amazon and CVS.

“I just moved on to a Redeye with Walmart and they are trying to be indulgent to talk about the rise in prices on their side … which I do not want to do because we have been on the accessibility of haircuts and affordable prices,” he said.

Jeffrey Dorman is an economist of the state of NC.

The school organized a national economic conference on Thursday. Experts from all over the country were in Raleigh to discuss the trade and the impact of prices.

Dorman says that it becomes increasingly difficult for companies to put their products on ships for the United States and that this could soon have an impact on the supply chain of our country.

“Right now, what I hear is that the slowdown is about to start the ports both on the west coast and the coast is said that the ships are about to stop presenting themselves.”

Esnard says that to operate the current situation, he plans to increase prices to compensate for the prices. He also questions to refuse his staff and reduce donations to charities and non -profit organizations.

“I started the business with nothing and I developed it where it is. I know that we will be disjointed and that we will pass through it. I am more stressed for my employees and for the consultants that we use. This is the thing that stands at night,” said Esnard.

See also | Specialized food stores see the bump in sales due to tariff concerns, new data show