U.S.-China Tariffs Cripple Supply Chains—Small Businesses on the Brink
➡️ Ocean freight between the U.S. and China has plunged by 50% due to tariffs, causing major supply chain breakdowns.
➡️ Millions of American small businesses are at risk of collapsing in 2024, unable to pivot away from Chinese manufacturing.
➡️ Chinese companies are acquiring distressed U.S. brands, gaining full control over the value chain.
➡️ Nearly $1 trillion in economic activity is vanishing, especially with retail depending heavily on 3x import markups.
➡️ A tariff rollback may be inevitable as the U.S. seeks to prevent a deeper recession.