The company he co-founded, Lalo, sells sleekly designed baby gear, much of it made in China. In his first weeks in office, Donald Trump increased the tariff rate on most of the company's imported goods by 20 percentage points. In April, he jacked the rate up to 145 percent. Lalo had to stop bringing in products from overseas: Paying the tariff could have bankrupted the company. Trump dropped the rate down to 30 percent this month, but Wieder anticipates falling sales and a year of disruption. Ask any corporate executive or entrepreneur about the past five months, and they will tell you a story like Wieder's. Companies are struggling with unstable tariff rates, bond-market swings, canceled federal contracts, rising import costs, and visa challenges. They're unsure about the economic outlook. They're unsure about tax rates. They're unsure about borrowing costs. Last week, Moody's downgraded American debt, meaning it has less confidence in the country's growth and capacity to manage...
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