fabric, craft retailer joann stores could be hurt by …

by:HKKYO     2019-08-15
Largest fabric and crafts retailer in the United StatesS.
In an exchange of fire over the escalating trade war of the Trump administration, it said it could cause confusion
Turvy effect: prompting customers to buy finished products from China.
With 900 stores in 49 states, JOANNStores will be hit by the government\'s next round of $200 billion tariffs on Chinese imports, about 2-
The third product of the popular chain is made in China, and about 500 of the products will be affected by the tariffs of 25 percent, although the biggest impact will be wool, yarn and cotton, company spokesman Amanda Hayes said.
Joann sells these materials, as well as tools such as sewing kits and paper
Provide cutting machines to consumers and businesses that produce products such as clothing, blankets, pillows and seat covers.
Small businesses that typically sell finished products online account for about 20 percent of the retailer\'s customer base.
JOANNCEO Jill Soltau will request a tariff exemption at a public hearing at the US government office on ThursdayS.
Trade Representative in Washington
Hundreds of other companies are filing cases this week.
JOANN has made a written request for an exemption.
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Tariffs on Chinese goods worth $50 billion a year are mainly for industrial and technical products, and try to save American consumers from taking on most of the higher costs.
But first will be under a month entry into force of the first three round 200 billion beauty yuan will impact including refrigerator, anti-theft alarm, vegetables, handbags and anti-theft alarm, including the various consumer goods.
Ironically, however, Hayes said tariffs on wool, yarn and fabric would hinder US manufacturing.
\"We think we are definitely an unexpected consequence,\" Hayes said . \".
The company has to buy raw materials from China because the infrastructure for mass production of raw materials no longer exists in the United States, she saidS.
At the same time, she said, the company may have to pass on the tax of 25 percent to its customers.
This will \"prompt people to buy finished products made elsewhere.
She pointed out that the Chinese
A replacement for clothing and other products, joann\'scustom, is pieced together and is not subject to the proposed tariff.
\"The goal of the latest round of tariffs is commendable, but specific codes including wool and yarn can inadvertently generate US manufacturing taxes that threaten employment, the company said in a statement: \"limit creative learning and damage the ability of our customers to manufacture and support people in need. \".
Many finished products are donated to charity.
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