Three months ago, Tim Fulton was optimistic with his company Ramper Innovations producing a unique airplane loading product. However, the sudden imposition of tariffs has destabilized his business, causing him to reassess pricing and operations. Despite his efforts to source materials locally, essential components are still imported, leading to price increases of 17%. The uncertainty surrounding continued tariff changes has left prospective customers hesitant to commit, greatly affecting Fulton’s ability to attract new business and investors.
Things were looking good for Tim Fulton and Ramper Innovations until tariffs imposed by the Trump administration forced them to reassess operations and prices.
The rapidly changing tariff situation prompted Mr. Fulton to warn customers of impending price hikes, causing hesitation and reevaluation of their orders.
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