Ryan Petersen

Bro, the plane just waits. Just text the pilot and just tell them you're... All right, listen.

Nice to see you. Thanks for having me on.

Nice to see you. Thanks for having me on.

Nice to see you. Thanks for having me on.

Well, the eye of the storm is supposed to be really calm. I don't feel like we're there right now. We're right in the middle of it. In a word, I would say paralysis, especially hurting small business. Bigger companies tend to have factories in multiple locations. They kind of load balance. They shift production to Vietnam. Even for the same item, they'll have multiple factories.

Well, the eye of the storm is supposed to be really calm. I don't feel like we're there right now. We're right in the middle of it. In a word, I would say paralysis, especially hurting small business. Bigger companies tend to have factories in multiple locations. They kind of load balance. They shift production to Vietnam. Even for the same item, they'll have multiple factories.

Well, the eye of the storm is supposed to be really calm. I don't feel like we're there right now. We're right in the middle of it. In a word, I would say paralysis, especially hurting small business. Bigger companies tend to have factories in multiple locations. They kind of load balance. They shift production to Vietnam. Even for the same item, they'll have multiple factories.

Small business doesn't have that luxury, and a lot of small businesses are buying from China. It's very hard. They're kind of the back of the line. If you want to go to a new country and say, hey, I need you to produce this good. And they go, sure, how many do you need? You go, I need 500 of them. They tell you to pound sand.

Small business doesn't have that luxury, and a lot of small businesses are buying from China. It's very hard. They're kind of the back of the line. If you want to go to a new country and say, hey, I need you to produce this good. And they go, sure, how many do you need? You go, I need 500 of them. They tell you to pound sand.

Small business doesn't have that luxury, and a lot of small businesses are buying from China. It's very hard. They're kind of the back of the line. If you want to go to a new country and say, hey, I need you to produce this good. And they go, sure, how many do you need? You go, I need 500 of them. They tell you to pound sand.

They've got a long backlog from kind of the Fortune 500 that's setting up mega factories, and they don't really care about taking these small batch production orders out of small business. So those are the ones who are kind of still stuck producing in China right now and struggling to find options.

They've got a long backlog from kind of the Fortune 500 that's setting up mega factories, and they don't really care about taking these small batch production orders out of small business. So those are the ones who are kind of still stuck producing in China right now and struggling to find options.

They've got a long backlog from kind of the Fortune 500 that's setting up mega factories, and they don't really care about taking these small batch production orders out of small business. So those are the ones who are kind of still stuck producing in China right now and struggling to find options.

And then the reason I use the word paralysis is it'd also be sort of crazy to shift your manufacturing – When we know there's this looming new information that's going to come out in two and a half months or so, when they tell us what the new duty rates are, we have a 90-day pause. But in the meantime, you're either too late or too early to move your manufacturing.

And then the reason I use the word paralysis is it'd also be sort of crazy to shift your manufacturing – When we know there's this looming new information that's going to come out in two and a half months or so, when they tell us what the new duty rates are, we have a 90-day pause. But in the meantime, you're either too late or too early to move your manufacturing.

And then the reason I use the word paralysis is it'd also be sort of crazy to shift your manufacturing – When we know there's this looming new information that's going to come out in two and a half months or so, when they tell us what the new duty rates are, we have a 90-day pause. But in the meantime, you're either too late or too early to move your manufacturing.

Too late, you should have done it by now. And too early, might as well wait two more months and see what the duty rates land at. But people are freaking out. I mean, 145% duty rate. You're going to see a lot of businesses fail, a lot of shortages, frankly. Ocean freight bookings out of China to U.S. trade lane are down 50%. just in the weeks since the tariffs hit.

Too late, you should have done it by now. And too early, might as well wait two more months and see what the duty rates land at. But people are freaking out. I mean, 145% duty rate. You're going to see a lot of businesses fail, a lot of shortages, frankly. Ocean freight bookings out of China to U.S. trade lane are down 50%. just in the weeks since the tariffs hit.

Too late, you should have done it by now. And too early, might as well wait two more months and see what the duty rates land at. But people are freaking out. I mean, 145% duty rate. You're going to see a lot of businesses fail, a lot of shortages, frankly. Ocean freight bookings out of China to U.S. trade lane are down 50%. just in the weeks since the tariffs hit.

So that's going to lead to shortages, mass inflation, business failures, unemployment, all sorts of second order effects that we can't even predict.