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)
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