The Trump administration's trade war is affecting businesses around the globe, including small manufacturers like the Kun Shoulder Rest factory in Ottawa. This family-run company produces ergonomic shoulder rests for violinists but faces uncertainty due to potential tariffs on Canadian imports. A third of Kun's sales go to the U.S., and projected tariffs could jeopardize these revenues. Additionally, retaliatory tariffs from Canada threaten to increase production costs. The director, Juliana Farha, fears that the trade conflict will benefit Chinese competitors who create lower-quality imitations rather than helping American brands.
"Even before any tariffs take effect, company managers are scrambling to configure backup plans. The disruption highlights the interconnected effects of trade conflicts, a primary source of worry about the global economy."
"What is hardest for her to accept is who stands to benefit from the upheaval. Not an American brand that might gain a bigger share of the market, but rather Chinese companies that produce crude imitations of Kun's products..."
Collection
[
|
...
]