Supply Chain Council of European Union | Scceu.org
Distribution

Trade war with China shocks Maine company with $300K in new tariffs

Shayne Kemp learned last week that his family’s craft wood company must pay $300,000 in import tariffs by Monday. The small company does not have that kind of money.

Kemp, who is vice president of Farmington-based Kemp Enterprises, is concerned for his family and the broader implications for Maine’s wood industry, which has seen products it used to make in abundance move to cheaper overseas production.

“My father is trying to look at different ways to pull this out of a hat, but realistically, he may have no choice but to sell his home,” Kemp said. “It is really not right.”

Related posts

Proud Source Water Raises Capital to Expand Distribution and Brand Footprint

scceu

Guwahati wholesalers not happy with govt policies; state govt team visits site

scceu

Action Figure Insider » Fanattik picks up a Gaming Gong

scceu