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Kristen Schwab

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
2210 total appearances

Appearances Over Time

Podcast Appearances

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

There it was, $10,000 in tariff refunds, half of what the government owes her company, Sarah Wells Bags, which makes products for new moms.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

I was really hesitant to believe it would be real until the check was in the bank, so to speak, and it was exciting to see it.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

She already has plans for the refund.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

She's earmarked the money to pay for other tariffs still in place.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

But she's not letting herself get too excited.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

I think it's okay to do both celebration on these refunds, but also be mindful that we're still in a state of real upheaval.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

Many of the business owners I've talked to about these tariff refunds are, like Wells, still in disbelief that they're actually happening, even after seeing the cash in their accounts, and even though the process for many businesses has been drama-free.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

Brian Burke is chief commercial officer at the customs brokerage Seco Logistics.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

As of about a week ago, U.S.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

Customs and Border Protection says it's approved more than $35 billion of the $166 billion that's owed to businesses.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

And Burke says though there's still some tariff uncertainty, businesses are feeling confident enough to order goods regularly again.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

One company I talked to even lowered its prices last week after getting a $20,000 refund.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

Glory International Trade is a distributor that imports small appliances like blenders and fans from China and Vietnam.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

Vice President of Operations Zhang Luhay hopes to get another $40,000.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

I am a little bit skeptical about the remaining amount just because I'm not sure if there will be any money left over for refunds.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

Getting any money back is good, but it's almost as if tariffs have taken a back seat.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

There are other things to worry about now, like the economy.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

Luhe says not long after the war started, trucking companies started increasing prices.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

They started charging fuel surcharges.

Marketplace
Rising ACA premiums, falling enrollment: It's a vicious cycle

So I think that's like an extra $200 for every shipment.