Stamford-based furniture company Lovesac prepares to move 75% of production out of China by 2020 as trade war intensifies

“[The tariffs] are hurting everybody, and the economy is slowing,” said Doug Barry, director of communications for the US-China Business Council. “It’s very difficult for the American business person to operate in this uncertainty." With over 2.4 million US jobs dependent on Chinese trade, he said that continuing tariffs will likely impact employment. High unemployment will hurt tax revenues, and local governments will suffer.