1801 ET - A New York City fashion wholesaler says that President Trump's tariffs threaten calamity for his business. "It looks like this will be the first time in 45 years that we will lose money," Eddie Azar, president of Fantasia Accessories, tells WSJ via email. "I spent years getting out of China and moved production to Cambodia and Vietnam and now those countries are not feasible to do business in." Tariffs will balloon Fantasia's costs on contract work for which the firm has already locked in its selling prices; margins could hit minus 25% or minus 30% on unfilled orders. (matt.grossman@wsj.com; @mattgrossman)
(END) Dow Jones Newswires
April 03, 2025 18:01 ET (22:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.