American Businesses Feeling The Pain Amid Tariff Threats | NBC Nightly News


THE NEGOTIATING WINDOW
IS STILL OPEN.
THE QUESTION, FOR HOW IS STILL OPEN.
THE QUESTION, FOR HOW
LONG? THE QUESTION, FOR HOW
LONG?
HALLIE JACKSON, THE LONG? HALLIE JACKSON, THE WHITE HOUSE. HALLIE JACKSON, THE WHITE HOUSE.>>>THIS IS TOM WHITE HOUSE.>>>THIS IS TOM COSTELLO.>>>THIS IS TOM COSTELLO. WICHITA, KANSAS, IS A COSTELLO. WICHITA, KANSAS, IS A WORLD AWAY FROM THE WICHITA, KANSAS, IS A WORLD AWAY FROM THE TRADE WAR TALK IN WORLD AWAY FROM THE TRADE WAR TALK IN BEIJING AND TRADE WAR TALK IN BEIJING AND WASHINGTON, BUT STEVE BEIJING AND WASHINGTON, BUT STEVE HUNTERS CONSTRUCTION WASHINGTON, BUT STEVE HUNTERS CONSTRUCTION BUSINESS IS ALREADY HUNTERS CONSTRUCTION BUSINESS IS ALREADY PAYING THE PRICE. BUSINESS IS ALREADY PAYING THE PRICE. 25% MORE FOR STEEL PAYING THE PRICE. 25% MORE FOR STEEL THAN WHAT HE PAID IN 25% MORE FOR STEEL THAN WHAT HE PAID IN FEBRUARY. THAN WHAT HE PAID IN FEBRUARY. STEEL PRICES JUMPED FEBRUARY. STEEL PRICES JUMPED AFTER THE U.S. IMPOSED STEEL PRICES JUMPED AFTER THE U.S. IMPOSED TARIFFS ON CHEAP AFTER THE U.S. IMPOSED TARIFFS ON CHEAP CHINESE STEEL. TARIFFS ON CHEAP CHINESE STEEL.>>IF THE TARIFFS CHINESE STEEL.>>IF THE TARIFFS CONTINUE, ITS GOING>>IF THE TARIFFS CONTINUE, ITS GOING TO IMPACT OUR CONTINUE, ITS GOING TO IMPACT OUR BUSINESS. TO IMPACT OUR BUSINESS. WERE GOING TO HAVE TO BUSINESS. WERE GOING TO HAVE TO LAY OFF EMPLOYEES AND WERE GOING TO HAVE TO LAY OFF EMPLOYEES AND CUT BACK ON LAY OFF EMPLOYEES AND CUT BACK ON EXPENDITURES. CUT BACK ON EXPENDITURES.>>Reporter: IN EXPENDITURES.>>Reporter: IN CALIFORNIA 5,000 CASES>>Reporter: IN CALIFORNIA 5,000 CASES OF WENTE WINE MEANT CALIFORNIA 5,000 CASES OF WENTE WINE MEANT FOR CHINA ARE STUCK AT OF WENTE WINE MEANT FOR CHINA ARE STUCK AT THE PORT AFTER CHINA FOR CHINA ARE STUCK AT THE PORT AFTER CHINA RETALIATED WITH A 15% THE PORT AFTER CHINA RETALIATED WITH A 15% TARIFF ON U.S. WINE RETALIATED WITH A 15% TARIFF ON U.S. WINE EXPORTS. TARIFF ON U.S. WINE EXPORTS. A BIG HIT AFTER EXPORTS. A BIG HIT AFTER WENTES BUSINESS WITH A BIG HIT AFTER WENTES BUSINESS WITH CHINA JUMPED 80% LAST WENTES BUSINESS WITH CHINA JUMPED 80% LAST YEAR. CHINA JUMPED 80% LAST YEAR.>>ONCE AGAIN WERE YEAR.>>ONCE AGAIN WERE COLLATERAL DAMAGE FOR>>ONCE AGAIN WERE COLLATERAL DAMAGE FOR THINGS TAKING PLACE AT COLLATERAL DAMAGE FOR THINGS TAKING PLACE AT A POLITICAL LEVEL THAT THINGS TAKING PLACE AT A POLITICAL LEVEL THAT REALLY HAS VERY LITTLE A POLITICAL LEVEL THAT REALLY HAS VERY LITTLE TO DO WITH WINE. REALLY HAS VERY LITTLE TO DO WITH WINE.>>Reporter: THE LIST TO DO WITH WINE.>>Reporter: THE LIST OF U.S. GOODS ON>>Reporter: THE LIST OF U.S. GOODS ON CHINAS TARIFFS LIST OF U.S. GOODS ON CHINAS TARIFFS LIST IS GROWING LONGER BY CHINAS TARIFFS LIST IS GROWING LONGER BY THE DAY, INCLUDING IS GROWING LONGER BY THE DAY, INCLUDING CORN, SOYBEANS, PORK, THE DAY, INCLUDING CORN, SOYBEANS, PORK, FRUIT, NUTS, ALUMINUM, CORN, SOYBEANS, PORK, FRUIT, NUTS, ALUMINUM, PLANES, AVIATION FRUIT, NUTS, ALUMINUM, PLANES, AVIATION PARTS, TRUCKS, CARS PLANES, AVIATION PARTS, TRUCKS, CARS AND SUVs. PARTS, TRUCKS, CARS AND SUVs. WHILE THE AMERICAN AND SUVs. WHILE THE AMERICAN TARIFFS ON CHINESE WHILE THE AMERICAN TARIFFS ON CHINESE PRODUCTS SOLD HERE TARIFFS ON CHINESE PRODUCTS SOLD HERE COULD SEND PRICES PRODUCTS SOLD HERE COULD SEND PRICES HIGHER FOR FLAT SCREEN COULD SEND PRICES HIGHER FOR FLAT SCREEN TVs, MEDICINES, HIGHER FOR FLAT SCREEN TVs, MEDICINES, MEDICAL DEVICES, TVs, MEDICINES, MEDICAL DEVICES, AIRCRAFT PARTS, MEDICAL DEVICES, AIRCRAFT PARTS, BATTERIES AND AIRCRAFT PARTS, BATTERIES AND CONSTRUCTION BATTERIES AND CONSTRUCTION EQUIPMENT. CONSTRUCTION EQUIPMENT. SOME TRUMP SUPPORTERS EQUIPMENT. SOME TRUMP SUPPORTERS ARE GLAD TO SEE THE SOME TRUMP SUPPORTERS ARE GLAD TO SEE THE U.S. GET TOUGH WITH ARE GLAD TO SEE THE U.S. GET TOUGH WITH CHINA. U.S. GET TOUGH WITH CHINA.>>YES. CHINA.>>YES. I VOTED FOR TRUMP.>>YES. I VOTED FOR TRUMP. I TOTALLY AGREE TO I VOTED FOR TRUMP. I TOTALLY AGREE TO TARIFFS. I TOTALLY AGREE TO TARIFFS. I BELIEVE THAT THEY TARIFFS. I BELIEVE THAT THEY ARE CHARGING US. I BELIEVE THAT THEY ARE CHARGING US. WE NEED TO CHARGE THEM ARE CHARGING US. WE NEED TO CHARGE THEM BACK. WE NEED TO CHARGE THEM BACK.>>Reporter: BUT BACK.>>Reporter: BUT TONIGHT THERES FEAR>>Reporter: BUT TONIGHT THERES FEAR OF MORE COLLATERAL TONIGHT THERES FEAR OF MORE COLLATERAL DAMAGE TO COME. OF MORE COLLATERAL DAMAGE TO COME. SOME ECONOMISTS DAMAGE TO COME. SOME ECONOMISTS PREDICT WE COULD SEE SOME ECONOMISTS PREDICT WE COULD SEE 240,000 LAYOFFS BY PREDICT WE COULD SEE 240,000 LAYOFFS BY THIS TIME NEXT YEAR IF

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