Trump enacts sweeping tariffs as small businesses brace for impact

(3 Apr 2025)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
New York – 2 April 2025
1. Wide of business partners Annie Bassin and Allard Van Hoorn watch President Donald Trump announce tariffs. UPSOUND (President Trump): "My fellow Americans, this is Liberation Day. Waiting for a long time."
2. Medium of Bassin watching announcement
3. Tight of Bassin
4. SOUNDBITE (English) Annie Bassin, Annie’s Ginger Elixir:
++PARTIALLY COVERED++
"Our bottles will go up an additional 9%. So that’s an additional 34% tariff that we will have to figure out how to absorb. Our honey is from Brazil. That’s an additional 10%. Our berries tea blend comes from Germany. That’s a an additional 20%."
5. Medium of Bassin and Hoorn reacting to announcement
6. Medium head on of Bassin and Hoorn
7. SOUNDBITE (English) Annie Bassin, Annie’s Ginger Elixir:
++PARTIALLY COVERED++
"So we’re looking at a huge increase in costs that we will have to figure out how to absorb as a business. And we are trying to do this by cutting our operations and labor costs down in order to not completely gouge our customers."
8. Wide of worker unloading a shelf of product
9. Medium of worker loading a shipping box
10. SOUNDBITE (English) Annie Bassin, Annie’s Ginger Elixir:
++COVERED++
"On election night, when we saw that Trump won, I turned to my business partner and husband and said, you know, I think we need to really think about a plan B. With more tariffs coming, we knew what that did for our business before. We looked at our business model here and thought that we need to outsource our manufacturing to a co-packer, which meant that three weeks ago we had to let 90% of our staff go. We gave notice to the Navy Yard. We will be letting go of our spaces. We will be running the business remotely. And seeing today the ‘Liberation Day’ global tariffs just makes me feel better about making such an unbelievably difficult decision."
11. Tight of box loading
12. Wide of Hoorn with product
13. Tight of product
14. Wide of Bassin with product
15. Medium of Bassin with product
16. Tight of product and worker preparing a shipment
17. Wide of boxes prepared for shipping
18. Wide of worker loading boxes for shipping
19. Wide of worker taping box of product
20. SOUNDBITE (English) Annie Bassin, Annie’s Ginger Elixir:
++PARTIALLY COVERED++
"We’re already entering very challenging times, and now we’ve just unfortunately, now responsible for making it even more challenging for our staff to have to go look for work."
21. Wide of worker loading shipping boxes
22. SOUNDBITE (English) Annie Bassin, Annie’s Ginger Elixir:
++COVERED++
"New York City is made up of mostly small businesses. And what does that do to New York? How does that affect the rest of the country? Yeah, we don’t know. I don’t have much confidence."
23. Wide of working loading shipping boxes
24. Tight of product on shelves
25. Allard Van Hoorn with product
STORYLINE:
US President Donald Trump on Wednesday announced major new tariffs on nearly all U.S. trading partners.

The decision put global trade at risk and raised fears of a wider trade war.

Annie Bassin and Allard Van Hoorn, co-founders of Annie’s Ginger Elixir’s in New York City, had weathered the tariffs of Trump’s first administration and decided to wind down their business in anticipation of the latest increases

They’ve outsourced their production and laid off the majority of their staff. Bassin said she felt vindicated in their decision after watching the president’s announcement.

Speaking in the Rose Garden, Trump said the tariffs were a response to what he called an economic emergency.

Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Twitter: https://twitter.com/AP_Archive
Facebook: https://www.facebook.com/APArchives ​​
Instagram: https://www.instagram.com/APNews/

You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/d2e482389981406f84193518b464dbdc

Author: AP Archive
Go to Source

News post in April 8, 2025, 6:04 pm.

Visit Our Sponsor’s:
News Post In – News

Renegade_Rcih
Greetings I'm Renegade Rich, I own lots of websites and domain names. one of my favorite news type of sites are news sites. So I own lots of news sites and news domain names. My lates is https://news.post.in 😁