Kimberly Adams
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Appearances Over Time
Podcast Appearances
So some of these costs are non-refundable.
That money is gone.
That money is gone.
On the other hand, from a consumer perspective, I ordered a whole bunch of tea from this place that I really, really like in Sri Lanka, right?
And then...
Yes, it is.
But then a couple of weeks after I get my tea, I get a bill from FedEx for the tariff on my tea.
And there's a little form and everything and document.
So I could, in a world, say to FedEx, okay, this was illegal.
Now I want my money back and here's the paper trail for it, right?
So there is a consumer route to getting the money back there, even assuming they would.
Sadly not in this world.
In a world, yes.
But circling back to your point of companies being unlikely to pass that on, because what companies are probably going to say is the associated costs are more than enough to be like, we got to keep all this money.
All right.
As Trump laid out in that, you know, White House press briefing that you were talking about, in other words, Trump obviously had other tariff options ready to go.
He announced a new global tariff after the decision came down 10% at first, 15% later.
Walk us through what's happened, how that works.
That's what I was going to ask.