Jason Junod
speaker
77 appearances
1 recordings
1 series
first heard Dec 2024
last heard Dec 2024
Jason Junod’s voice in public audio — every appearance, attributed to the second.
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So we will see what happens. And if we have to raise prices, I don't want to raise prices, but we will.
Last week, Trump said on his first day as president, he would enact new tariffs. He said he'd put 25% tariffs on goods from Mexico and Canada and add a new 10% tariff on Chinese goods. But Jason worries that the tariffs could go higher, like to the 60% level Trump campaigned on. If so, Jason would have to raise the price of his brushes from $9 to $12.
And so I fear hyperinflation with low-priced goods like these.
Hyperinflation is a big word.
That's a 33% hike from 9 to 12.
What's your sense of how big a toll these potential tariffs could take on your company?
If we had to stop selling these brushes and gloves, we'll be okay at the end of the day. We are unique amongst Amazon brands in that we make most of our products ourselves by hand in Madison, Wisconsin. We're very insulated from importing and the logistics that come with that. That being said, our strategy is kind of blown up and we'd have to kind of go back to the drawing board.
A spokesperson for the Chinese embassy said that trade cooperation with the U.S. is mutually beneficial and that, quote, no one will win in a trade war. And you said you don't want to be in the middle of a trade war. Do you feel like you are? You and other small businesses?
I do. I'm not a big corporation. I'm a small business owner from Madison, Wisconsin. I happened to make a really good body scrub and it turned into a little skincare empire that I'm at the top of, but I'm not some massive corporation and I'm doing the best that I can to maintain the health of the business. I didn't ask for this. I don't want to be in this.
And here we are talking to you about the potential impacts of a tariff on my business.
And is the takeaway that we all need to be stocking up right now?
I don't know.
You're supposed to say yes, and then everybody buys your products.
I don't know what to expect. It's uncertain. It's scary. And at the end of the day, I did what I could do as a business owner, and I stocked up. It's not going to last forever, but it gives me a little bit of reprieve.
Well, Jason, thanks so much.
You're welcome. Happy to be here.
That's all for today, Tuesday, December 3rd. The Journal is a co-production of Spotify and The Wall Street Journal. Special thanks to Hannah Miao for her help with this episode. Thanks for listening. See you tomorrow.
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