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Fun World Faces Closure Amid 145% Tariff Crisis

5/3/2025

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Summary

Story summary

Fun World in Carle Place will reduce employee pay by 20% and eliminate profit-sharing due to a 145% tariff on Chinese imports.
CEO Alan Geller warns that continued tariffs could result in permanent closure, with production costs rising from $35 million to nearly $100 million annually.
Local executives express concerns about tariffs affecting salaries and expansion, while Rep. Tom Suozzi calls for a gradual implementation.

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Story summary

Fun World in Carle Place will reduce employee pay by 20% and eliminate profit-sharing due to a 145% tariff on Chinese imports.
CEO Alan Geller warns that continued tariffs could result in permanent closure, with production costs rising from $35 million to nearly $100 million annually.
Local executives express concerns about tariffs affecting salaries and expansion, while Rep. Tom Suozzi calls for a gradual implementation.