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China tariffs force layoffs at Moonlight Meadery, owner says

Owner says he had to lay off wife after deal fell apart

China tariffs force layoffs at Moonlight Meadery, owner says

Owner says he had to lay off wife after deal fell apart

WEBVTT TARIFFS. IT’S MENTIONED AS HEAD AN SHOULDERS AMONGST PEERS INTERNATIONALLY. >> RECENTLY, WE HAVE ONE MEDALS. MIKE: BUT MOONLIGHT MEADERY HASN’T AVOIDED FALLOUT FROM THE $34 BILLION TRADE WAR BETWEEN THE U.S. AND CHINA. >> THIS IS ORANGE BLOSSOM TRADITIONAL MEAD. MIKE: THE BREWERY HAD AGREED TO SHIP 100,000 BOTTLES A YEAR TO CHINA. AFTER BUYING THE MATERIALS AND HIRING ADDITIONAL HELP, TARIFFS KILLED THE DEAL. MICHAEL: THAT 16% INCREASE IN COST IS SOMETHING I CANNOT TAKE ON MY SHOULDERS OR MY EXPO RTER CAN TAKE ON HIS SHOULDERS. MIKE: COSTS THAT FORCED HIM TO SELL HIS HOUSE AND FIRE FIVE EMPLOYEES, INCLUDING HIS WIFE. MICHAEL: THAT IS THE HARDEST THING I HAVE EVER DONE IN MY ENTIRE LIFE, AND IT IS STILL PRETTY HARD TO THINK ABOUT. MIKE: SENATOR JEANNE SHAHEEN SAYS THE TARIFFS, ESPECIALLY ON STEEL AND ALUMINUM, COULD RESULT IN 1900 NET JOB LOSSES IN NEW HAMPSHIRE. SEN. SHAHEEN: LAST YEAR, WE HAD MORE EXPORTS THAN EVER IN NEW HAMPSHIRE’S HISTORY. MIKE: THE SENATOR DOES AGREE WITH PRESIDENT TRUMP THAT COUNTRIES TAKE ADVANTAGE OF THE U.S. WHEN IT COMES TO TRADE, BUT SHE SAYS THERE’S BIPARTISAN SUPPORT TO FIND A BETTER SOLUTION. SEN. SHAHEEN: WE SHOULD TAKE THEM TO THE WTO, THE WORLD TRADE ORGANIZATION. WE NEED TO BEEF UP OUR ENFORCEMENT IN A WAY THAT ALLOWS US TO WIN IN THOSE CASES. WHAT THE PRESIDENT IS DOING IS USING AN AXE FOR SOMETHING THAT WE REALLY NEED A SCALPEL FOR. MIKE: MOONLIGHT MEADERY HOPES THERE IS A BETTER WAY. FAIRBROTHER SAYS HE HAS PRECAUTIONS IN PLACE BUT SAYS HE AND OTHER SMALL BUSINESSES ARE PREPARING FOR THE WORST. THE FALTERED DEAL WITH CHI
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China tariffs force layoffs at Moonlight Meadery, owner says

Owner says he had to lay off wife after deal fell apart

As President Donald Trump threatens to expand a trade battle with China and impose tariffs on all $505 billion worth of imports into the U.S., one New Hampshire small business said it has already been forced into layoffs.Moonlight Meadery of Londonderry has won acclaim and medals for its meads and ciders. But it hasn't avoided fallout from the $34 billion trade war between the United States and China. The brewery had agreed to ship 100,000 bottles per year to China. After the business bought supplies and hired additional help, tariffs killed the deal. Owner Michael Fairbrother said the scuttled deal with China means half of Moonlight Meadery's barrels are sitting empty. "The 16 percent increase in cost was nothing I could take on my shoulders or my exporter could take on his shoulders," Fairbrother said. The costs forced Fairbrother to sell his house and fire five employees, including his wife. "That was the hardest thing I've ever done in my entire life, and it's still pretty painful and difficult to even think about," he said. U.S. Sen. Jeanne Shaheen said the tariffs, especially on steel and aluminum, could result in 1,900 net job losses in New Hampshire. "Last year, we had more exports than ever in New Hampshire history," Shaheen said. The senator said she agrees with Trump that countries take advantage of the U.S. when it comes to trade, but she said there's bipartisan support for finding a better solution. "We should take them to the WTO, the World Trade Organization," Shaheen said. "We need to beef up our enforcement in a way that allows us to win in those cases. What the president is doing is using an ax for something that we really need a scalpel for." Fairbrother said he hopes a better way is found. He said he has taken some precautions, but he and other small business owners are preparing for the worst.

As President Donald Trump threatens to expand a trade battle with China and impose tariffs on all $505 billion worth of imports into the U.S., one New Hampshire small business said it has already been forced into layoffs.

Moonlight Meadery of Londonderry has won acclaim and medals for its meads and ciders. But it hasn't avoided fallout from the $34 billion trade war between the United States and China.

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The brewery had agreed to ship 100,000 bottles per year to China. After the business bought supplies and hired additional help, tariffs killed the deal. Owner Michael Fairbrother said the scuttled deal with China means half of Moonlight Meadery's barrels are sitting empty.

"The 16 percent increase in cost was nothing I could take on my shoulders or my exporter could take on his shoulders," Fairbrother said.

The costs forced Fairbrother to sell his house and fire five employees, including his wife.

"That was the hardest thing I've ever done in my entire life, and it's still pretty painful and difficult to even think about," he said.

U.S. Sen. Jeanne Shaheen said the tariffs, especially on steel and aluminum, could result in 1,900 net job losses in New Hampshire.

"Last year, we had more exports than ever in New Hampshire history," Shaheen said.

The senator said she agrees with Trump that countries take advantage of the U.S. when it comes to trade, but she said there's bipartisan support for finding a better solution.

"We should take them to the WTO, the World Trade Organization," Shaheen said. "We need to beef up our enforcement in a way that allows us to win in those cases. What the president is doing is using an ax for something that we really need a scalpel for."

Fairbrother said he hopes a better way is found. He said he has taken some precautions, but he and other small business owners are preparing for the worst.