Byrna Technologies CEO supports tariffs on Chinese imports

In recent years, Byrna Technologies Inc., a non-lethal firearms company based in the United States, has actively reshored a significant portion of its manufacturing operations. In light of U.S. President Donald Trump's administration and the challenges posed by tariffs, CEO Bryan Ganz has expressed satisfaction with these measures, particularly the tariffs imposed on Chinese competitors. By implementing tariffs of 60% to 145% on imports, the administration has made it increasingly difficult for Chinese firms to sell lower-quality products at competitive prices. This situation has benefited Byrna, which has shifted its production from 34% in the U.S. to approximately 92% domestically over the past year and a half. Consequently, the company is now almost entirely reliant on U.S.-made components for its products. However, a small percentage of production still involves imports from China, leading to notable changes in cost dynamics. Some Chinese manufacturers have absorbed a substantial portion of the tariffs, thus maintaining their pricing strategies but altering the competitive landscape. This shift highlights a broader trade policy that seeks to address trade deficits with foreign nations while supporting domestic manufacturing. Byrna's experience illustrates how these tariff policies impact the balance between domestic production and international competition, with potential implications for the future of American manufacturing as a whole. By encouraging the negotiation of trade deals, the Trump administration aims to create a more favorable environment for U.S. businesses, ultimately promoting fairer practices in the marketplace.