The recent imposition of tariffs on Chinese goods, peaking at 145%, has devastated small businesses reliant on importing products from China, causing canceled orders and stranded inventories. WS Game Co., a Massachusetts family business known for board games, highlights this struggle, losing millions in orders and experiencing halted growth. Owner Jonathan Silva emphasized that the uncertainty from tariff changes threatened their operations, echoing concerns from many small businesses about potential bankruptcy due to stagnant inventories and rising costs. President Trump's remarks about potential tariff reductions have provided some market relief but insufficient to stabilize affected small businesses.
The tariffs have brought the past 25 years of healthy growth to a screeching halt. Over the past three weeks, WS Game has had three containers of finished games, worth $500,000, stranded in China.
As a small business, we don't have the runway or the capabilities to move manufacturing on a whim. Some say they could be just months from going out of business altogether.
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