Matt Barnes
speaker
96 appearances
2 recordings
2 series
first heard Dec 2024
last heard May 2025
Matt Barnes’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
The Journal. · A Tariff Loophole Just Closed. What That Means for Online Shopping. · 2 May 2025
podcast
It's called the de minimis threshold.
We really try to be a brand that does not identify as what you would call the traditional grandpa shoes.
We really try to be a brand that can be attractive to just about anybody and to relieve the pain that a lot of people feel on a daily basis. I wear Crews every day and got them on right now.
I'm wearing Adam 2 at the moment.
Yeah, de minimis is a great advantage for us. For example, during 2024, we shipped 100% of our products to customers in the U.S., and we're able to avoid the duties and tariffs through that method.
During the calendar fiscal year of 2024, we saved over $2 million in tariffs.
Yeah, for our Chinese product right now, for our sneakers, for example, the Adam 2 that I'm currently wearing, the tariff rate is 172.5% as of today.
Yeah, for sure. So if you assume an example of a pair of shoes at $175, it would be $302 in tariffs.
Without the de minimis limits and with the current tariff situation, we have had to raise prices. We have had to start charging for shipping, and it's painful. We've already seen an impact as a result of raising prices, and we just don't have the margin to recover all of the tariff costs.
You know, the Nikes of the world or the Adidas probably could work something out like that, right? But we just unfortunately don't have that kind of mass market volume.
For the moment, we've been able to mitigate the financial impacts through much of this year. But if the tariffs remain in place as they are today through, I would say, probably late Q3, early Q4, it's going to become existential. It is very, very troubling. And it's going to get very, very expensive very, very quickly.
We're trying to look for other places to source. And we do know and expect, as has been indicated by the administration, that the de minimis limits will go away for all countries at some point.
Well, the ideal state would be no tariffs, right? But of course, you know, we know that there's an intent behind what the Trump administration is trying to do. But right now, we just don't know what's going to happen and when it's going to happen. Businesses need predictable opportunities to make money.
When the economy or the environment is not predictable, it's really hard for a business like ours to provide a product or service at a reasonable price to the consumer. If we can predict it, we can build it into our cost model. It may be painful, it may not be what we want, but at least it's predictable.
With the elimination of the de minimis, it's been really, really tough for us to determine what the next step should be.
Cuervo.
Cuervo.
Ich denke ehrlich, dass einige dieser Emotionen in den letzten 10 Tagen oder so, weil Stugatz getrunken, getrunken, gefeiert und Sex mit Las Vegas gemacht hat. Ich denke, dass Stugatz es verpasst hat, und ich sage das gleiche, wenn es so ist, dass ich ihn kümmere und über die emotionalen Momente in diesem Thema spreche.
Ich denke, eines der Dinge, die Stugatz in den letzten Tagen verpasst hat, das mich gelacht hat und mich bewegt hat, nicht wie ich mit Greg Cody hier bewegt wurde,
is to watch Nick Wright toy with the media game and arrive at full clownhood where he wins the media game, he's got a following in FS1, Skip Bayless is on his way out, Cowherd is building his own empire so he can sell it to somebody else. And Nick Wright is the face of that network now with the controversial takes of... Patrick Mahomes is great, LeBron James is great.
Showing 1–20 of 96 · page 1 of 5
Next →