What will happen to the Chinese grocery store?
Image: The Atlantic. Sources: nilsz/Getty; west/Getty; numismarty/Getty[ed. Hadn't thought about specialty mom and pops, but yeah... Asian stores in general are about to get a lot more expensive. See also: Temu halts shipping direct from China as de minimis tariff loophole is cut off (CNBC)]
"Chinese grocery stores are under pressure in more ways than one: Not only do they stock lots of products that are now subject to steep tariffs, but they already tend to run on thin margins. “Small, independent grocery stores—especially those catering to ethnic communities—are particularly vulnerable,” David Ortega, a food-economics professor at Michigan State University, told me. If Trump’s full slate of tariffs goes into effect in a few months, the pain won’t stop at Chinese grocers. Vietnam is facing some of the steepest proposed tariff hikes." (The Atlantic)
