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Let It Burn!
Companies across the country are adding a surcharge to customers’ bills in the wake of President Donald Trump’s sweeping tariffs.
On April 2, Trump announced blanket tariffs of at least 10 percent on nearly every country, in what he called “Liberation Day” for the U.S. Then, on Wednesday he paused these tariffs for 90 days, citing Americans becoming “yippy” and “afraid.”
He only excluded China from the pause and is now engaged in a trade war with Xi Jinping as the U.S. levies 145 percent tariffs on Chinese goods while Beijing has put a 125 percent retaliatory tariff in place.
Now, U.S. business owners say they’re passing along higher prices to customers as Trump’s trade war with China continues and they brace for the end of the 90-day pause.
Sexual wellness brand Dame has added a $5 “Trump tariff surcharge” to all purchases automatically, CBS News reports.
"Our whole industry is in China, so we've already seen the impact," Dame CEO Alexandra Fine told CBS.
"The intention of adding the Trump tariff surcharge as a line item at checkout was to remind people that this is an extra tax on us. I wanted people to understand why it's more expensive — that it's because of political decisions that were made," she added.