Rick Woldenberg thought he had come up with a sure-fire plan to protect his Chicago-area educational toy company from President Donald ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/donald-trump/profileshow/79057526.cms”>Trump‘s massive new taxes on Chinese imports.
“When he announced a 20% tariff, I made a plan to survive 40%, and I thought I was being very clever,” said Woldenberg, CEO of Learning Resources, a third-generation family business that has been manufacturing in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/china” target=”_blank”>China for four decades. “I had worked out that for a very modest price increase, we could withstand 40% tariffs, which was an unthinkable increase in costs.”
His…
