Win Cramer thought his company was out of the firing line in the escalating Sino...
CHICAGO - Win Cramer thought his company was out of the firing line in the escalating Sino-U.S. trade war after his “Made-in-China” wireless headphones, speakers and earbuds were taken off Washington’s tariff list a year ago.
Earlier this month, U.S. President Donald Trump unexpectedly put off new 10% tariffs on about half of $300 billion of targeted Chinese imports until Dec. 15. But JLab’s shipments will be subjected to the tariffs starting Sept. 1. After the tariff reprieve in August 2018, JLab poured $1 million into new product development and spent another $500,000 to expand its U.S. workforce by 20%. The investment, one of the biggest for the mid-sized company that was founded in 2005, is now at risk.
The about-turn has frustrated chemical manufacturers, said Ed Brzytwa, a director at the American Chemical Council . “There is no explanation from the administration why they flip-flop like this. It is very confusing to us.”
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