So much confusion on the tariff war between the USA and China. This is where we stand on the topic.
“So you’re hearing a lot of commotion about what’s going on between Trump and Xi Jinping and China, the USA and tariff this and tariff that. Tit for tat. Is it affecting us in our industry? Absolutely but we can’t do anything right now. We’ve got to let everything settle. See what they want to do and then from there, we need to adjust,” says George Stroumboulis, Ideoli CEO and Co-Founder.
How is this affecting Ideoli specifically?
“So in the meantime, we are eating a lot of these added costs but one thing to note is this is affecting our whole industry. Even local manufacturers in the USA are being affected because they’re still importing components. We just need to sit back, let things happen and from there we’ll re-evaluate and discuss with our partners and clients and just take it from there,” says George Stroumboulis, Ideoli CEO and Co-Founder.
More updates to follow as things progress.