The U.S.-China trade war is making for one long bumpy ride at S&S Worldwide.
Executives at North Logan’s S&S, one of the largest amusement park ride manufacturers in the country, say the company has had just one Chinese developer reach out to purchase a ride this year. Usually, Preston Perkes, executive director of administration, says China makes up half of the company's annual business.
Perkes traces the discrepancy back to last September, when Beijing imposed a retaliatory tariff on American-made ride parts, hiking up the duty from 10 to 25 percent.
“All of our returning customers that usually want to buy rides from us are talking to us about this,” said Perkes. “They aren’t signing contracts.”