Los Gatos business owner Sara Fung said she would have kept her home furnishing store open for its 25th anniversary if it weren’t for President Donald Trump’s tariffs.
She has owned Cotton Works on Santa Cruz Avenue for the last 24-1/2 years. She said she noticed an increase in costs in April after “Liberation Day” tariffs were announced by Trump.
After a 90-day hold was issued for negotiations, she and other business owners chose to wait and see before taking action. But combined factors of increased prices from tariffs and inflation have driven her to close her shop, six months shy of her 25th year as owner.
Related Articles
“It’s just hard to have a price so high, and I don’t see the economy’s going anywhere except going down,” Fung said. “And also inflation: People are cutting back