Chapman Brewing Equipment, an Abington Township-based manufacturer of stainless-steel equipment for hobbyists and small businesses brewing beer and kombucha, may not survive a 145% tariff on Chinese imports, the Bucks County Courier Times reported.

Owner Steve Chapman said he “doesn’t have the confidence or the finances” to deal with the new tariffs brought on by the international trade war between China and the U.S.

“We were ready to do about $500,000 in retail sales this year. I put down a large deposit for about 1,000 units back in March when tariffs were 20%,” Chapman told The Times.

Chapman launched his business in 2015 from a Kickstarter-funded campaign. From the website:

We are a group of homebrewers who have come together from around the world to design and manufacture high quality, durable, and affordable homebrew equipment. We all come from different backgrounds and have had our own experiences brewing. On our website, you will find two main products: A fully insulated, fully steel mash tun, and a steel drum fermenter which can also double as a kettle.

Trump told reporters on April 23 in the Oval Office that tariffs on China were expected to “come down substantially,” USA Today reported.

“145% is very high, and it won’t be that high,” Trump said. “No, it won’t be anywhere near that high. It’ll come down substantially. But it won’t be zero — used to be zero. We were just destroyed. China was taking us for a ride.”

The Trump administration’s tariff plan—dubbed “Liberation Day”—was previously criticized by Governor Josh Shapiro and Congresswoman Madeleine Dean of Glenside.

For all the latest news, follow us on Facebook or sign up for Glenside Local’s “Daily Buzz” newsletter here.

Photos: Chapman Brewing Equipment