HIGH POINT, NC-- A trade war between the U.S. and China has impacted businesses that rely on Chinese goods to continue their work. Furniture buyers at the High Point Market are seeing those effects first-hand.
The trade war between the U.S. and China is starting to worry the furniture world. People, like Tony Venetucci, said he is hoping for the best.
"I think everyone is concerned about it, but i think there is a lot of politics right now and I am sure they will come to some sort of amicable conclusion to it," Venetucci said.
President Donald Trump has taken an oath to slap tarrifs on Chinese imports to create more jobs in the states. Unfortunately, Venetucci relies on the goods he imports from China to make his furniture designs, making his job a little more complicated.
"China has a huge market share on production but they do a brilliant job in producing and they have a tremendous infrastructure, so there really is no other country in the world that can pick up the slack from that," Venetucci said.
Ignacio Basich is an international furniture buyer from Guadalajara, Mexico. He said if tariffs continue to rise, customers will pay the price, but Ignaco says there is a way to handle it.
"The most important thing is you have to have a really good relationship with your customers or lenders. That's the most important thing, and talk very frankly and honest, what are we going to be doing if something happens for both ends," Basich said.
One thing is for sure, they are going to continue to produce furniture no matter what, even if it's going to cost a little more.
"The supply is there and i think eventually if they don't come to a settlement, it'll certainly affect the pricing and the market," Venetucci said.