Liz Young
๐ค SpeakerAppearances Over Time
Podcast Appearances
But I will also note that some American business owners say this is going to help them better compete. They say that their businesses have really struggled in recent years with this flood of goods from China that's much, much cheaper and has undercut them on price. So they're hopeful that this kind of levels the playing field.
They definitely could lose their price advantage now that they face these tariffs. We've seen, like I said, the prices have been going up fast. Some 40 to 100% over the past few weeks. And some analysts have said customers might switch to Amazon. They might just go back to the old familiar website that they'd been using before. That said, there are some important caveats to this.
They definitely could lose their price advantage now that they face these tariffs. We've seen, like I said, the prices have been going up fast. Some 40 to 100% over the past few weeks. And some analysts have said customers might switch to Amazon. They might just go back to the old familiar website that they'd been using before. That said, there are some important caveats to this.
They definitely could lose their price advantage now that they face these tariffs. We've seen, like I said, the prices have been going up fast. Some 40 to 100% over the past few weeks. And some analysts have said customers might switch to Amazon. They might just go back to the old familiar website that they'd been using before. That said, there are some important caveats to this.
Shein and Timu have both made a lot of changes in recent years to the way their supply chains work. in anticipation of this exemption going away. And what that includes is that Xi'an, for example, has manufacturing partners set up in Brazil, Turkey, and India, and they can still ship goods into the U.S.
Shein and Timu have both made a lot of changes in recent years to the way their supply chains work. in anticipation of this exemption going away. And what that includes is that Xi'an, for example, has manufacturing partners set up in Brazil, Turkey, and India, and they can still ship goods into the U.S.
Shein and Timu have both made a lot of changes in recent years to the way their supply chains work. in anticipation of this exemption going away. And what that includes is that Xi'an, for example, has manufacturing partners set up in Brazil, Turkey, and India, and they can still ship goods into the U.S.
duty-free through de minimis from those countries because this change only applies to China right now.
duty-free through de minimis from those countries because this change only applies to China right now.
duty-free through de minimis from those countries because this change only applies to China right now.
So this is something that. Everyone is waiting to see what happens. The president had initially suspended De Minimis as an exemption that was available to importers in February. And there was a lot of confusion among retailers, logistics operators, etc. And at that time, the U.S.
So this is something that. Everyone is waiting to see what happens. The president had initially suspended De Minimis as an exemption that was available to importers in February. And there was a lot of confusion among retailers, logistics operators, etc. And at that time, the U.S.
So this is something that. Everyone is waiting to see what happens. The president had initially suspended De Minimis as an exemption that was available to importers in February. And there was a lot of confusion among retailers, logistics operators, etc. And at that time, the U.S.
Postal Service temporarily stopped accepting parcels from China and Hong Kong while they tried to figure out how to handle that volume. So since then โ I mean the president a week later delayed that until a time when the Commerce Department had notified the White House that systems were set up to process the inspections and collect the tariffs. Now since then โ
Postal Service temporarily stopped accepting parcels from China and Hong Kong while they tried to figure out how to handle that volume. So since then โ I mean the president a week later delayed that until a time when the Commerce Department had notified the White House that systems were set up to process the inspections and collect the tariffs. Now since then โ
Postal Service temporarily stopped accepting parcels from China and Hong Kong while they tried to figure out how to handle that volume. So since then โ I mean the president a week later delayed that until a time when the Commerce Department had notified the White House that systems were set up to process the inspections and collect the tariffs. Now since then โ
The White House says the Commerce Department has told them systems are in place.
The White House says the Commerce Department has told them systems are in place.
The White House says the Commerce Department has told them systems are in place.
I agree. It feels like in my lifetime, there has been this push more and more over the years toward cheaper and cheaper goods, more and more things. And it does seem there's now this tension between that and the ways the changing trade policy could serve to stop that flow of goods.