Liz Young

Sheehan's revenue last year had grown 19% over the year before to $38 billion, but that was less than the increases of the previous few years where it had grown 40% year over year. Teemu, we're looking at something similar. Their most recent quarterly report showed that revenue had climbed 24%, but that was their slowest pace of growth again since 2022.

So we've been seeing them grow at this huge rate.

So we've been seeing them grow at this huge rate.

So we've been seeing them grow at this huge rate.

So in early April, President Trump had decided to end the de minimis exemption for goods made in China. It went into effect just this past Friday, so very recently. And what that does is it cracks down specifically on goods made in China and Hong Kong. So it doesn't matter where things are shipped from. It doesn't matter if they're shipped through another country.

So in early April, President Trump had decided to end the de minimis exemption for goods made in China. It went into effect just this past Friday, so very recently. And what that does is it cracks down specifically on goods made in China and Hong Kong. So it doesn't matter where things are shipped from. It doesn't matter if they're shipped through another country.

So in early April, President Trump had decided to end the de minimis exemption for goods made in China. It went into effect just this past Friday, so very recently. And what that does is it cracks down specifically on goods made in China and Hong Kong. So it doesn't matter where things are shipped from. It doesn't matter if they're shipped through another country.

What matters is they were made in China originally. And those goods are now subject to more formal entry procedures than they were before. That means more paperwork, etc. They also are subject to that 145% base tariff that the president has put in place, plus any additional tariffs that they already would have faced before that based on what the item is.

What matters is they were made in China originally. And those goods are now subject to more formal entry procedures than they were before. That means more paperwork, etc. They also are subject to that 145% base tariff that the president has put in place, plus any additional tariffs that they already would have faced before that based on what the item is.

What matters is they were made in China originally. And those goods are now subject to more formal entry procedures than they were before. That means more paperwork, etc. They also are subject to that 145% base tariff that the president has put in place, plus any additional tariffs that they already would have faced before that based on what the item is.

So that's based on, you know, is it a sneaker? What type of sneaker? What type of materials is it made out of? All of those kinds of things.

So that's based on, you know, is it a sneaker? What type of sneaker? What type of materials is it made out of? All of those kinds of things.

So that's based on, you know, is it a sneaker? What type of sneaker? What type of materials is it made out of? All of those kinds of things.

This is, yes. Okay. So this is something where the president says that this is a change that's needed to help stop the flow of fentanyl into the country. And lawmakers of both parties in recent years have expressed concerns about what is coming into the country through these methods. They've expressed concerns about the cotton, for example, that is incorporated in some of the clothing.

This is, yes. Okay. So this is something where the president says that this is a change that's needed to help stop the flow of fentanyl into the country. And lawmakers of both parties in recent years have expressed concerns about what is coming into the country through these methods. They've expressed concerns about the cotton, for example, that is incorporated in some of the clothing.

This is, yes. Okay. So this is something where the president says that this is a change that's needed to help stop the flow of fentanyl into the country. And lawmakers of both parties in recent years have expressed concerns about what is coming into the country through these methods. They've expressed concerns about the cotton, for example, that is incorporated in some of the clothing.

They're worried that this, quote, loophole that they call it could help allow for goods made from the Xinjiang region enter the country.

They're worried that this, quote, loophole that they call it could help allow for goods made from the Xinjiang region enter the country.

They're worried that this, quote, loophole that they call it could help allow for goods made from the Xinjiang region enter the country.

It's still early. So this only took effect Friday. So this, of course, will have a little bit of a delayed effect as packages start to enter the country now. Already, Timu and Sheehan have been increasing prices on their websites.