San Francisco's Chinatown may receive a knockout blow from President Donald Trump's trade war with China.

Trump's high tariffs on Chinese products, which stand at 145%, are making it almost impossible for the traditional immigrant community that consists of predominantly some 1,000 small businesses. Some 90% of products being sold in Chinatown come from China, and the tariffs have driven some of the merchants to increase their costs by over 30%, President of the San Francisco Chinese Chamber of Commerce Donald Luu informed journalists on Tuesday. "This economic trade war is what we believe is going to be long-term and is going to affect the very existence of Chinatown," stated Luu, surrounded by local business officials, in a press conference in Chinatown. Lion Trading owner Magan Li added that eventually, the buyers will get to the point where they will not want to cover the costs and just stop shopping completely. "This is a huge blow to what is a very small business," she added. "We're in danger of losing those traditions which the town has fought so long and so hard to protect." Li further stated that the incense at her store varies "from five to 20 dollars." "So with the tariffs and all that that's going on, we're paying like $40, $50 just to get one bundle of incense," San Francisco's oldest and largest Chinatown in the country has been drawn into Trump's intensening trade war. "I think that Chinatown's at the heart of what's so damaging and how damaging they're going to be — not to some other government country's economy, but to here in our country," Assemblymember Matt Haney from the district opined, noting that "when you hit Chinatown, we're all hit here in this city." Nonetheless, some corporations are resisting price increases by making existing inventory last as long as possible in anticipation of a settlement being achieved shortly. Nancy Yu, whose four shops in Chinatown include Asiastar Fantasy, shared with ABC7 that she had just come back from a recent trip to China. Yu said that uncertainty has affected her business partners. "We had some great discussions with all of my suppliers and my shipper, and we all believe that we should keep my shipment in hold a bit," Yu stated, noting that the shipping cost of some of her products since the trade war has commenced has been doubled and in a few instances, it has almost tripled. San Francisco resident Alex Kolchinski reported to KTVU.com that he has "been seeing figures about consumer confidence being shaken and my consumer confidence is being shaken, because I don't know what is going to be happening next year." TRUMP'S FIRST 100 DAYS: WHERETHINGS STAND IN THE EARLY MONTHS OF HIS SECOND TERM I do not know whether we will be in a trade war. … It is difficult to plan if you do not know what is to come," San Francisco's Becky Mincio also stated that even though financially secure, "price is a factor so it would affect how I could shop based on the price."