Reporter

In order to have substantive negotiations, you have to bring down your 145% tariffs. Are you open to pulling back your tariffs in order to get China to the negotiating table?

In order to have substantive negotiations, you have to bring down your 145% tariffs. Are you open to pulling back your tariffs in order to get China to the negotiating table?

They said we initiate it.

They said we initiate it.

They said we initiate it.

Yeah, about a third of the import volume, which means, give or take, about 50,000 20-foot equivalent units gone off the arrivals coming in next week. From next week is when you expect to see this really hit. That's correct. And that matches up the announcements back on April 2nd. Then on April 8th, a little bit of a change on everybody. Ex-China, Mexico, Canada.

Yeah, about a third of the import volume, which means, give or take, about 50,000 20-foot equivalent units gone off the arrivals coming in next week. From next week is when you expect to see this really hit. That's correct. And that matches up the announcements back on April 2nd. Then on April 8th, a little bit of a change on everybody. Ex-China, Mexico, Canada.

Yeah, about a third of the import volume, which means, give or take, about 50,000 20-foot equivalent units gone off the arrivals coming in next week. From next week is when you expect to see this really hit. That's correct. And that matches up the announcements back on April 2nd. Then on April 8th, a little bit of a change on everybody. Ex-China, Mexico, Canada.

And those arrivals are coming at us this weekend.

And those arrivals are coming at us this weekend.

And those arrivals are coming at us this weekend.

Right, so CEOs are telling me, hit the pause button, right? I'm not going to import any more at these kind of prices. Let's wait and see. I don't know if it's going to be two hours, two days, or two weeks until I get some clarity. Then hiring off the table for right now, capital investment pause.

Right, so CEOs are telling me, hit the pause button, right? I'm not going to import any more at these kind of prices. Let's wait and see. I don't know if it's going to be two hours, two days, or two weeks until I get some clarity. Then hiring off the table for right now, capital investment pause.

Right, so CEOs are telling me, hit the pause button, right? I'm not going to import any more at these kind of prices. Let's wait and see. I don't know if it's going to be two hours, two days, or two weeks until I get some clarity. Then hiring off the table for right now, capital investment pause.

And the retailers are telling me that realistically, with even the 10 percent, I'm going to have to pass it on to the consumers.

And the retailers are telling me that realistically, with even the 10 percent, I'm going to have to pass it on to the consumers.

And the retailers are telling me that realistically, with even the 10 percent, I'm going to have to pass it on to the consumers.

Yeah, when I was last with you all, Lisa, I said global trade's going to slow, economies will follow, and that's exactly what we're seeing. Back in November, so many of us were wringing our hands about 4% inflation. We've just added 10 percentage points of imports coming out of Southeast Asia for our port and these unbelievable numbers out of China.

Yeah, when I was last with you all, Lisa, I said global trade's going to slow, economies will follow, and that's exactly what we're seeing. Back in November, so many of us were wringing our hands about 4% inflation. We've just added 10 percentage points of imports coming out of Southeast Asia for our port and these unbelievable numbers out of China.

Yeah, when I was last with you all, Lisa, I said global trade's going to slow, economies will follow, and that's exactly what we're seeing. Back in November, so many of us were wringing our hands about 4% inflation. We've just added 10 percentage points of imports coming out of Southeast Asia for our port and these unbelievable numbers out of China.