• Contact
  • Legal Pages
    • Terms of Use
    • Privacy Policy
    • Cookie Privacy Policy
    • California Consumer Privacy Act (CCPA)
    • DMCA
Saturday, July 12, 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

San Francisco Chinatown businesses concerned by Trump’s tariffs – NBC Los Angeles

May 17, 2025
in Business
San Francisco Chinatown businesses concerned by Trump’s tariffs – NBC Los Angeles
Share on FacebookShare on Twitter


San Francisco Chinatown businesses had been hoping for a bustling tourism season this year, but many now say the trade war President Donald Trump is waging against China is threatening to shatter those hopes.

Chinatown business owners say prices for many of the basics they import have skyrocketed. Some even worry the trade war will have a bigger impact than the pandemic.

“A lot of merchants telling me right now they have to mark up at least 40 to 50% on their merchandise,” said Edward Siu with the Chinatown Merchants United Association of San Francisco.

Siu said because of Trump’s tariff plan many of the association’s members don’t actually know how much it’s going to cost to keep their shelves stocked. They’re waiting for prices on everything from items to sell in their shops to special ingredients needed for local restaurant favorites.

That uncertainty is what’s forcing small business owners to consider raising prices and potentially even cut other expenses like jobs.

“If this continues I think the pressure definitely is going to affect employment and also vacancy in Chinatown,” said Donald Luu with the San Francisco Chinese Chamber of Commerce.

Chinatown leaders said Trump’s trade war with China has the potential to hit Chinatown even harder than the pandemic because during the pandemic the state and federal governments stepped in with financial aid to keep small businesses afloat.

During a news conference Tuesday, state Assemblymember Matt Haney noted that California has now joined other states to sue the Trump administration over the tariffs. Gov. Gavin Newsom has also said he’s trying to figure out if he can negotiate special deals with international trading partners that would exempt California from the new tariffs, but none of that has been finalized.

In the meantime, Haney said legislators are considering the possibility of some kind of financial relief.

“We should look at direct support because if a business closes that business likely isn’t coming back,” he said. “We saw that during the pandemic.”

Neighborhood leaders said if Trump doesn’t dial back his trade war or courts don’t step in somehow their hopes for a bustling summer travel season could go bust.



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 Giants vs. Los Angeles Dodgers odds, tips and betting trends | July 12 – Sportsbook Wire

July 11, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4
Business

The 18 Best Bakeries in San Francisco – Eater San Francisco

July 11, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4
Business

Amazon Is Selling ‘Perfect’ $47 Platform Sandals for Just $23, and Shoppers Say They Get ‘Tons of Compliments’ – parade.com

July 11, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4
Business

NFL Execs, Coaches Vote Arizona Cardinals Star Top at Position – Sports Illustrated

July 11, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4
Business

Giants Slugger Receives Positive News After Undergoing MRI on His Back – Sports Illustrated

July 11, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4
Business

Waymo Hits the Road In New York City. Everything to Know About the Robotaxi – CNET

July 11, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4

San Francisco Examiner Events – Noontime Concerts presents Redwood Virtuosi – San Francisco Examiner

July 12, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4

San Francisco Examiner Events – Jeff Weiss with Zack Ruskin and Emma Silvers – Waiting for Britney Spears – San Francisco Examiner

July 12, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4

San Francisco Examiner Events – Cheaper Than Therapy, Stand-up Comedy: Saturdays, Early Show – San Francisco Examiner

July 12, 2025
SAN FRANCISCO GIANTS NEWS

San Francisco Giants News – MLB

July 11, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4

San Francisco Examiner Events – Pisco Sour + Cebiche Class – San Francisco Examiner

July 11, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4

San Francisco Giants vs. Los Angeles Dodgers odds, tips and betting trends | July 12 – Sportsbook Wire

July 11, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4

San Francisco Examiner Events – Winemaker Tasting with Domaine Curry – San Francisco Examiner

July 11, 2025
BINI brings P-pop, ‘BINIverse’ to San Francisco in first Bay Area show - KRON4

Where to Watch the PSG-Inter Milan Champions League Finale in San Francisco & the Bay Area – MerciSF

July 11, 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