Liz Young
👤 SpeakerAppearances Over Time
Podcast Appearances
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.
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.
you know, from my perspective, covering the supply chain and logistics industry, particularly in the US, companies have built up their supply chains specifically to enable this flow of goods. So I don't know where they think things will land. And that's kind of what they're all grappling with right now.
you know, from my perspective, covering the supply chain and logistics industry, particularly in the US, companies have built up their supply chains specifically to enable this flow of goods. So I don't know where they think things will land. And that's kind of what they're all grappling with right now.
you know, from my perspective, covering the supply chain and logistics industry, particularly in the US, companies have built up their supply chains specifically to enable this flow of goods. So I don't know where they think things will land. And that's kind of what they're all grappling with right now.
A lot of the companies I cover are grappling with the uncertainty and trying to figure out, well, what changes should we make? But also what changes should we wait to make until we know where... The buck ultimately falls. You know, where will tariffs be before we make these massive changes that take years often to make?
A lot of the companies I cover are grappling with the uncertainty and trying to figure out, well, what changes should we make? But also what changes should we wait to make until we know where... The buck ultimately falls. You know, where will tariffs be before we make these massive changes that take years often to make?
A lot of the companies I cover are grappling with the uncertainty and trying to figure out, well, what changes should we make? But also what changes should we wait to make until we know where... The buck ultimately falls. You know, where will tariffs be before we make these massive changes that take years often to make?
So the tariffs taking effect just after midnight today means that any shipments that left the country of origin after that point will be eligible for these tariffs. So goods that were already on a ship, already on the water, already on their way to the U.S. will be exempted from these new tariffs.
So the tariffs taking effect just after midnight today means that any shipments that left the country of origin after that point will be eligible for these tariffs. So goods that were already on a ship, already on the water, already on their way to the U.S. will be exempted from these new tariffs.
You know, if a shipment's being delivered by air, it'll be a little faster, but certainly it'll take days or weeks for these tariffs to really fully come into effect.
You know, if a shipment's being delivered by air, it'll be a little faster, but certainly it'll take days or weeks for these tariffs to really fully come into effect.
It's more complicated because now companies that may not have traditionally had to pay tariffs or that may have paid quite minimal tariffs are having to go through their books again, work with these licensed customs brokers. and figure out what is the actual duty rate we need to be prepared to pay. How do we pay it? They have to calculate those levies themselves and then make payment.
It's more complicated because now companies that may not have traditionally had to pay tariffs or that may have paid quite minimal tariffs are having to go through their books again, work with these licensed customs brokers. and figure out what is the actual duty rate we need to be prepared to pay. How do we pay it? They have to calculate those levies themselves and then make payment.
So they are responsible for making sure that it's the correct amount. This isn't a case where the U.S. sends them a bill and they pay it online. It's a little more complicated than that. Companies that may have only previously had to calculate one duty rate may now have to calculate three or four or more.
So they are responsible for making sure that it's the correct amount. This isn't a case where the U.S. sends them a bill and they pay it online. It's a little more complicated than that. Companies that may have only previously had to calculate one duty rate may now have to calculate three or four or more.
So items that contain steel, for example, they might have a separate line item based on how much steel is in that item. And then the country they come from, if it's China, for example, it would have several other duties on top of that.
So items that contain steel, for example, they might have a separate line item based on how much steel is in that item. And then the country they come from, if it's China, for example, it would have several other duties on top of that.
So this is making a process that might have previously been, you know, let's say 10% for any item imported is now several line items that they have to go through and calculate.
So this is making a process that might have previously been, you know, let's say 10% for any item imported is now several line items that they have to go through and calculate.