Trump's ongoing trade war is hurting business owners, just not the business owners Trump thought it would hurt in China -- instead the trade dust-up is drawing blood in America.
“With the 10 per cent and then 25 per cent [tariff], we are faced with a very difficult situation that we don’t have an answer for," Dave Melbourne, Bumble Bee Seafoods' senior vice-president for consumer marketing, told the South China Morning Post in a new report.
"We don’t understand how we will sustain a 10 per cent or 25 per cent tariff long term," he added, mentioning that the US-based seafood company is hurting and is now considering hiring overseas instead of in America in order to help defray costs.
"The company has had to shelve plans to expand its plant in California, which would have brought more jobs to the region, and Melbourne said that it would not be economically or logistically viable to bring the cleaning plants back to the US," the South China Morning Post wrote Saturday.
The report mentions several other American companies that are suffering under the trade war as well, with some sounding despondent in lieu of a deal between China and the U.S.
Read the full report here.
