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After President Trump’s trade war fell sharply in shipments at the Port of Los Angeles last month, employers in Southern California said on Friday they began seeing the impact.
Economists say store inventory will begin to decline in the coming weeks, forcing some companies to raise prices.
Price increases of 10% to 20% can be inevitable, despite the fact that many local businesses stock up ahead of time from appliance stores to beauty supply stores.
“For example, my cost would have been $50. It would cost $125 now,” says Teresalie, manager of Tina’s beauty salon in Santa Ana, adding that some of the most popular hair extensions are already out of stock.
According to Lee, beauty supply vendors get most of their hair products from China.
“We usually sell a fair amount of clip-ins, which is pretty popular with the people here,” explained Lee. “Unfortunately, all the basic colors, black and brown, they can’t get because they’re so expensive.”
Johnny’s appliances in Downey said that there was no sign of any impact as of Friday, but that things will change over the coming weeks as many parts of the business use come from overseas.
“[Taxes]don’t benefit us at all,” said Guisselle Gramajo, sales manager at the appliance store.
The food business is also imported in preparation for the impact of trickled down with many materials.
“Many suppliers have also brought more products in anticipation of an increase,” said Rosemary Lipman, owner of Claro’s Italian market.
Lipman said he would try to avoid giving fees to customers whenever possible.
“We still want to stay competitive, so we’ll try to try the line as much as possible,” she said while trying to remain optimistic, hoping that tariffs will be a temporary setback before the holidays. “But if we are ultimately forced to raise it, we will grow a little.
Having put more pressure on the average consumer, President Trump signed an executive order last month, but no longer allows items under $800 to enter US tax exemptions. The loophole expired at 12:01am EDT on Friday.
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