REFILE PERSONAL: Trump tariffs upend 'American dream' of entrepreneur selling Chinese wine in U.S.

Record ID: 1988327

  • Title: REFILE PERSONAL: Trump tariffs upend 'American dream' of entrepreneur selling Chinese wine in U.S.
  • Date: 5th April 2025
  • Summary: NEW YORK, NEW YORK, UNITED STATES (APRIL 4, 2025) (REUTERS) (SOUNDBITE) (English) FOOD AND BEVERAGE ENTREPRENEUR, CAMDEN HAUGE, SAYING: "Being a customer in New York for the past week, the sticker shock is already so high that I don't know how prices can continue to rise. I don't know how people will be able to be resilient against this. Yeah, I think that that's the harde
  • Embargoed:
  • Keywords: alcohol cafe china restaurant tariff tax tit-for-tat trade trade war trump us usa wine xi
  • Location: SHANGHAI AND YINCHUAN, CHINA / NEW YORK, NEW YORK, UNITED STATES
  • City: SHANGHAI AND YINCHUAN, CHINA / NEW YORK, NEW YORK, UNITED STATES
  • Country: China
  • Topics: Asia / Pacific,Government/Politics,International Trade
  • Reuters ID: LVA005419304042025RP1
  • Aspect Ratio: 16:9
  • Story Text: American entrepreneur Camden Hauge returned to the United States last month with plans to launch a business importing Chinese wine. But just as her first pallet of wine arrived in customs, President Donald Trump’s tariffs were threatening to derail the fledgling venture.
    Trump has slapped the world's No. 2 economy with additional 34% tariffs on Chinese goods, bringing the total new levies this year to 54% and the overall tariff rate to 74%, UBS reported. Trump also closed a trade loophole that had allowed low-value packages from China to enter the U.S duty-free.
    The import tariffs were "catastrophic" for the brand new business, Hauge told Reuters from New York City.
    Hauge had been living in Shanghai for over a decade where she founded popular restaurants including the Egg café.
    Inspired by the growing enthusiasm for Chinese wine, especially among her international customers, Hauge saw an opportunity to bring bottles from boutique vineyards to American tables. But the proposed tariffs, part of Trump’s escalating trade rhetoric, could make that financially unviable.
    China on Friday (April 4) struck back at the U.S tariffs imposed by President Donald Trump with a slew of countermeasures including extra levies of 34% on all U.S. goods and export curbs on some rare earths, deepening the trade war between the world's two biggest economies.
    “I’m trying to live the American dream,” Hauge said. “This is literally stopping that from happening.”
    (Production: Nicoco Chan)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2025. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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