The president of O’Leary Ventures, Kevin O’Leary, explains how the United States can solve commercial and economic problems with China ‘once and for all’ in ‘The Evening Edit’.
American consumers are noticing a new line on their shopping receipts, a tariff surcharge. Even with the 90 -day break of President Donald Trump on rates, companies and customers are feeling the impact, especially those that import their products from China.
The surcharges have been appearing in several industries, impacting almost everything, from clothing prices to car manufacturing. Some companies are charging fixed rates, while others charge a percentage of the total cost of a specific purchase.
The president of the United States, Donald Trump, attends a bilateral meeting with the president of China, Xi Jinping, during the G20 leaders summit in Osaka, Japan, on June 29, 2019. (Reuters/Kevin Lamarque/File Photo/Reuters)
Trump rates: What tariffs have been imposed on the main commercial partners or stop?
Alexandra Fine, CEO and co -founder of Dame, a sexual welfare company, spoke with The Wall Street Journal (WSJ) about the recent complement to “Trump Rate” of your company.
“It does not cover the total cost, not even close, but it felt better than pretending that everything is fine,” Fine told WSJ. She said the surcharge was a “statement” and let customers “know how these policies are affecting us all.”
The company manufactures its products in China, which has been beaten with an import rate of 145% amid intense commercial tensions between Trump and Chinese President Xi Jinping.
Amazon in the application store is seen in this illustration photo taken in Poland on June 29, 2024. (Jakub Porzycki / Nurphoto through Getty Images / Getty Images)
Kevin O’Leary supports Trump’s tariffs to prevent China ‘matte to small businesses in the United States’
Amazon CEO Andy Jassy recently He told CNBC That he thinks that manufacturers will begin to “pass that cost” to customers instead of trying to absorb it. Many of the company’s third party sellers, which represent 60% of the products sold on Amazon, are based in China and face Trump’s toughest rates.
Wedding dresses are also rising in price due to rates. Paul Virilli, co -owner of Jan’s boutique in New Jersey, told CBS News that China’s dresses are also uploading.
“We hope that China and the relationship of the United States will be fixed and resolved so that we can continue selling this dress at the price at which it is marked,” Virilli He told CBS News. The departure pointed out that most of their dresses come from China and Vietnam.
President Donald Trump takes a question from a media member during a meeting with Israeli Prime Minister Benjamin Netanyahu at the Oval Office of the White House on April 7, 2025. (Kevin Dietsch / Getty images / getty images)
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On Friday, the White House Secretary, Karoline Leavitt, said Trump is “optimistic” about making an agreement with China on tariffs. Currently, Beijing has a rate of 84% on US imports.
“The president has made it very clear that he is open to an agreement with China,” Leavitt said. He also said Trump would be “kind if China intends to reach an agreement with the United States.”
