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Tariffs Soar 145%: Kansas Furniture Store Closes, Vietnam Thrives

4/15/2025

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Center

Furniture Store Closes

My Home Contemporary Furniture in Merriam, Kansas, is shutting its doors as tariffs skyrocket to a staggering 145%. Owner Henrik Svendsen laments the burden of rising costs and uncertainty. In contrast, Jayson Wu, a factory owner in Vietnam, is experiencing a boom in orders, showcasing the unpredictable nature of global trade.

Right

Small Businesses Struggle

Small businesses across the U.S. are feeling the pinch from a staggering 145% tariff on Chinese imports. Companies like Baby Paper and Artistic Toys are grappling with financial turmoil, risking closures and layoffs. As they consider relocating production, the daunting challenge of navigating this shift threatens their very existence.

History

Historical Context

The current 145% tariff on Chinese imports echoes the protectionist policies of the 1930s, notably the Smoot-Hawley Tariff. That legislation aimed to protect U.S. industries but led to retaliatory tariffs and a trade war, deepening the Great Depression. Today's tariffs similarly threaten small businesses and global trade stability.

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Furniture Store Closes

My Home Contemporary Furniture in Merriam, Kansas, is shutting its doors as tariffs skyrocket to a staggering 145%. Owner Henrik Svendsen laments the burden of rising costs and uncertainty. In contrast, Jayson Wu, a factory owner in Vietnam, is experiencing a boom in orders, showcasing the unpredictable nature of global trade.

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