Finance expert Mike Periu on stiff upcoming trade sanctions for the dry cleaning industry.
The dry cleaning industry has been dealing with a problematic situation since this summer which now may become permanent in January. The Obama administration recently enacted a duties of 187 percent on wire hanger imports from Vietnam, one of the leading wire hanger exporters in the world. This has increased the cost of wire hangers for dry cleaners. It couldn’t come at a worse time when economic conditions have led to consumers cutting back on dry cleaning and the increased cost of chemicals and other raw materials. Vietnamese suppliers have responded by shifting production to other countries, increasing costs for U.S. buyers but protecting them from the trade sanctions.
Learn more at CNN Money.
Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
Learn more about Mike Periu
Mike works with small businesses to teach them about finance and management. He started Proximo, LLC, a company that offers small business education and training services focused on finance and technology.
Periu also writes for OpenForum, Yahoo! Finanzas the Huffington Post contributor.
Mike went to Georgetown University where he studied Finance and International Business. He also serves on the Board of the Council for Economic Education and was a Fellow at the Kauffman Foundation.
