• Contact
  • Legal Pages
    • Terms of Use
    • Privacy Policy
    • Cookie Privacy Policy
    • California Consumer Privacy Act (CCPA)
    • DMCA
Thursday, July 10, 2025
San Francisco News
  • Business
  • Entertainment
  • Health & Medical
  • News
  • Sciences & Nature
  • Sport
  • Technology
No Result
View All Result
  • Business
  • Entertainment
  • Health & Medical
  • News
  • Sciences & Nature
  • Sport
  • Technology
No Result
View All Result
San Francisco News
No Result
View All Result
Home Business

Tariffs: Many San Francisco Chinatown businesses feeling impact of trade war as Trump presidency hits 100 days

May 9, 2025
in Business
Now Streaming 24/7 Click Here
Share on FacebookShare on Twitter


SAN FRANCISCO (KGO) — Many businesses in San Francisco’s Chinatown are feeling the impact of the trade war as Donald Trump’s presidency hits 100 days on Tuesday.

The businesses are in survival mode as it faces uncertainty and price hikes.

While the president has paused his so-called reciprocal tariffs on countries around the world until early July, he’s still imposing a 145% tariff on most goods coming from China.

MORE: Trump giving ABC News 1st broadcast interview at 100 days mark

Nancy Yu owns four stores in Chinatown, including Asiastar Fantasy.

She tells us she just returned from a trip to China last week, where the uncertainty is hitting not only her but also her business partners.

“We had really good talks with all my suppliers and my shipper, and we all think we should hold my shipment a little bit,” Yu said.

MORE: China says there are no negotiations with the US over tariffs

Yu says she’s choosing to delay shipments of new supplies for her stores for the next couple of months.

Since the start of the trade war, Yu says the cost to ship some of her normal supplies over have doubled, or even tripled.

The tariffs are having an impact not just on local businesses in Chinatown but on many residents as well.

Several stores in this area tell ABC7 News people are stockpiling up on supplies in anticipation of potential price rises.

“Everybody come to buy the soy sauce, come to buy the rice… come to buy the snacks,” said Mill Lei.

MORE: Farmers market returns to downtown San Jose as vendors brace for impacts of tariffs

The regular downtown San Jose farmers market has returned for the first time since 2022 at a time when family farms are facing uncertain changes.

At Jumbo Trading Company, owner Mill Lei says many people have been buying imported food in bulk.

The grocery store owner tells me since the tariffs were put in place the price she’s had to pay for many goods has risen rapidly.

Lei says they sometimes rise so fast that she has to change her pricing stickers every few days.

MORE: Here’s how Trump’s tariffs on China could impact US families

The uncertainty causing Lei to import massive amounts of supplies such as rice before prices rise even more.

“I think it’s 400 bags. Yeah, the small bags 400 bags and the big bags 200 bags,” Lei said.

Back at Asiastar Fantasy, Yu says she’s taken all the steps she can to protect her business.

MORE: California sues to stop President Trump from imposing sweeping tariffs

Now, she’s hoping new trade deals can be struck over the coming months to help bring prices back down again.

“Hopefully by July, there’s some good news going on so I don’t have to make hard decisions over what to get and what not to get, and have to think very carefully,
Yu said.

President Trump says trade negotiations with countries including China remain ongoing.

Copyright © 2025 KGO-TV. All Rights Reserved.



Copyright for syndicated content belongs to the linked Source link

RelatedPosts

BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4
Business

San Francisco Unicorns vs. MI New York MLC 2025 Eliminator: Live streaming, Timings, weather forecast, a complete guide – Mint

July 9, 2025
Vikings May Have Quietly Found the Perfect Fill-In - Vikings Territory
Business

Vikings May Have Quietly Found the Perfect Fill-In – Vikings Territory

July 9, 2025
A Forgotten Viking Might Be Back on the Radar - Vikings Territory
Business

It’s not even training camp but 49ers look ready to send one veteran packing – Niner Noise

July 9, 2025
A Forgotten Viking Might Be Back on the Radar - Vikings Territory
Business

A Forgotten Viking Might Be Back on the Radar – Vikings Territory

July 9, 2025
Giants Can’t Afford To Have Strength of Team Falter in Second Half - Sports Illustrated
Business

Giants Can’t Afford To Have Strength of Team Falter in Second Half – Sports Illustrated

July 9, 2025
Shoppers Are Racing to Amazon for This Iconic $60 New York LEGO Set While It’s On Sale for Just $36 - parade.com
Business

Shoppers Are Racing to Amazon for This Iconic $60 New York LEGO Set While It’s On Sale for Just $36 – parade.com

July 9, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4

Tesla to expand robotaxi service to San Francisco Bay Area within two months, Musk says – thestar.com.my

July 9, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4

LIST: Bay Area sports stadiums throughout the years – ABC7 San Francisco

July 9, 2025
Tesla to expand robotaxi service to San Francisco Bay Area within two months, Musk says

Tesla to expand robotaxi service to San Francisco Bay Area within two months, Musk says

July 9, 2025
Elon Musk Announces Tesla's Robotaxi Service Expansion to San Francisco Bay Area, ET Auto

Elon Musk Announces Tesla’s Robotaxi Service Expansion to San Francisco Bay Area, ET Auto

July 9, 2025
Brainfish nets $3.85 million to tackle customer support challenges

AI startup BrainFish reels in $9.8 million to expand in the US

July 9, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4

Memorial Day in San Francisco: Best Things to Do – California.com

July 9, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4

San Francisco Police’s new surveillance hub being credited with 20% drop in crime – CBS News

July 9, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4

SF beat New York, SF won by 47 runs – ESPNcricinfo

July 9, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr   Jun »
  • Contact
  • Legal Pages
No Result
View All Result
  • Home

© 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version