Beauty Supply Owners Brace For Price Hikes Due to 145% Tariffs On Hair Extensions & Wigs
Small business owners across the country are grappling with the stiff tariffs.
In metro Atlanta, entrepreneurs like Maureen Yancey of MY Beauty Unlimited, are bracing for the impact of a 145% tariff on wigs and hair extensions imported from China. Yancey, whose store sells hundreds of wigs and accessories, worries that the tariffs will disrupt supply chains and hurt customer purchasing habits.
“If these tariffs are being implemented, it’s going to affect supply chains negatively, and it’s going to affect how our customers buy,” she said.
Wigs at Yancey’s store range from $20 to $400, and she anticipates a 25% to 30% increase in the price of cheaper synthetic wigs, while human hair wigs could see an even steeper hike.
“Maybe $100 more. It’s going to affect the industry pretty heavily,” she added.
Despite her reluctance to raise prices, Yancey may need to seek alternatives from countries like India or Vietnam to minimize costs.
Business owners, are you concerned with the tariffs?
? WSB-TV
