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Nicole Lappin

πŸ‘€ Speaker
See mentions of this person in podcasts
11070 total appearances

Appearances Over Time

Podcast Appearances

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

retailer that imports goods from China, like Forever 21, tariffs do apply to the retailer and they can pass those costs on to the consumer. But for consumers making individual purchases from Chinese companies under $800, tariffs won't affect them.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

retailer that imports goods from China, like Forever 21, tariffs do apply to the retailer and they can pass those costs on to the consumer. But for consumers making individual purchases from Chinese companies under $800, tariffs won't affect them.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

at least for another few weeks so starting may 2nd president trump is ending the de minimis exemption on goods from china if you're just a regular old consumer shopping directly from a chinese retailer all of your purchases will either have a 120 percent duty applied so if you have a 20 t-shirt declared the tariff would be 24 bucks bringing the total to 44 dollars

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

at least for another few weeks so starting may 2nd president trump is ending the de minimis exemption on goods from china if you're just a regular old consumer shopping directly from a chinese retailer all of your purchases will either have a 120 percent duty applied so if you have a 20 t-shirt declared the tariff would be 24 bucks bringing the total to 44 dollars

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

at least for another few weeks so starting may 2nd president trump is ending the de minimis exemption on goods from china if you're just a regular old consumer shopping directly from a chinese retailer all of your purchases will either have a 120 percent duty applied so if you have a 20 t-shirt declared the tariff would be 24 bucks bringing the total to 44 dollars

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

Or there's a flat fee alternative that will be $100 an item until June 1st and then $200 an item after that. So if you were planning on getting a new summer wardrobe from Shein, you'll want to place that order before May 2nd. Okay, so that's a lot on consumers. Let's talk about investors for a sec. Luxury investors come in two flavors.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

Or there's a flat fee alternative that will be $100 an item until June 1st and then $200 an item after that. So if you were planning on getting a new summer wardrobe from Shein, you'll want to place that order before May 2nd. Okay, so that's a lot on consumers. Let's talk about investors for a sec. Luxury investors come in two flavors.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

Or there's a flat fee alternative that will be $100 an item until June 1st and then $200 an item after that. So if you were planning on getting a new summer wardrobe from Shein, you'll want to place that order before May 2nd. Okay, so that's a lot on consumers. Let's talk about investors for a sec. Luxury investors come in two flavors.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

You can be a classic retail investor and get your exposure to luxury brands through buying shares of their stock, like LVMH, for example. It's a publicly traded company that owns brands like Louis Vuitton, Moet, Tiffany, and others. Or you could be the type of investor that gets your ROI through buying the physical luxury goods and then reselling them at a higher price.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

You can be a classic retail investor and get your exposure to luxury brands through buying shares of their stock, like LVMH, for example. It's a publicly traded company that owns brands like Louis Vuitton, Moet, Tiffany, and others. Or you could be the type of investor that gets your ROI through buying the physical luxury goods and then reselling them at a higher price.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

You can be a classic retail investor and get your exposure to luxury brands through buying shares of their stock, like LVMH, for example. It's a publicly traded company that owns brands like Louis Vuitton, Moet, Tiffany, and others. Or you could be the type of investor that gets your ROI through buying the physical luxury goods and then reselling them at a higher price.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

No matter which kind of investor you are, this is a problem. The end goal of these viral counterfeit videos seems to be to conflate legit manufacturing with counterfeit goods. If more consumers did start buying directly from these factories, real or fake, it could seriously disrupt the luxury industry.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

No matter which kind of investor you are, this is a problem. The end goal of these viral counterfeit videos seems to be to conflate legit manufacturing with counterfeit goods. If more consumers did start buying directly from these factories, real or fake, it could seriously disrupt the luxury industry.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

No matter which kind of investor you are, this is a problem. The end goal of these viral counterfeit videos seems to be to conflate legit manufacturing with counterfeit goods. If more consumers did start buying directly from these factories, real or fake, it could seriously disrupt the luxury industry.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

Luxury brands rely on craftsmanship for sure, but like the guy said in the video, they also depend on their brand. They're not just selling a handbag, they're selling an entire story, a lifestyle, a status symbol, a logo. If consumers begin to believe that these products come from the very same factories as $50 knockoffs, the brand's value takes a hit.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

Luxury brands rely on craftsmanship for sure, but like the guy said in the video, they also depend on their brand. They're not just selling a handbag, they're selling an entire story, a lifestyle, a status symbol, a logo. If consumers begin to believe that these products come from the very same factories as $50 knockoffs, the brand's value takes a hit.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

Luxury brands rely on craftsmanship for sure, but like the guy said in the video, they also depend on their brand. They're not just selling a handbag, they're selling an entire story, a lifestyle, a status symbol, a logo. If consumers begin to believe that these products come from the very same factories as $50 knockoffs, the brand's value takes a hit.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

That's why brands like Louis Vuitton go to such lengths to control their supply chains. It's not just about quality, it's about trust. If that trust erodes, the whole luxury house of cards could come tumbling down.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

That's why brands like Louis Vuitton go to such lengths to control their supply chains. It's not just about quality, it's about trust. If that trust erodes, the whole luxury house of cards could come tumbling down.

Money Rehab with Nicole Lapin
Tariff Loophole or Not: Buying Directly From Chinese Manufacturers

That's why brands like Louis Vuitton go to such lengths to control their supply chains. It's not just about quality, it's about trust. If that trust erodes, the whole luxury house of cards could come tumbling down.