Ryan Peterson

This week on Profiteer Markets, we speak with Ryan Peterson, founder and CEO of Flexport, a leader in global supply chain management. We discuss how tariffs are actually impacting businesses, and we get Ryan's take on the likely outcomes of this ongoing trade war.

This week on Profiteer Markets, we speak with Ryan Peterson, founder and CEO of Flexport, a leader in global supply chain management. We discuss how tariffs are actually impacting businesses, and we get Ryan's take on the likely outcomes of this ongoing trade war.

You can find that conversation exclusively on the Prof G Markets podcast.

You can find that conversation exclusively on the Prof G Markets podcast.

This week on Profiteer Markets, we speak with Ryan Peterson, founder and CEO of Flexport, a leader in global supply chain management. We discuss how tariffs are actually impacting businesses, and we get Ryan's take on the likely outcomes of this ongoing trade war.

You can find that conversation exclusively on the Prof G Markets podcast.

Oh, you'd be surprised. They're like as fast as a speedboat.

Oh, you'd be surprised. They're like as fast as a speedboat.

I mean, you're going like 18 knots or something.

I mean, you're going like 18 knots or something.

In fact, in the United States alone, there are 43 government agencies that take an interest in imported products of some kind.

In fact, in the United States alone, there are 43 government agencies that take an interest in imported products of some kind.

Fish and wildlife. Well, for the couch, it's going to be, who does the fumigation certificates? If it's made of wood, you have to show that it's not infected with bugs.

Fish and wildlife. Well, for the couch, it's going to be, who does the fumigation certificates? If it's made of wood, you have to show that it's not infected with bugs.

If you look at a map of the world's ships, a lot of them are sitting idle off the coast of China, sitting there empty, waiting for their next orders because they were supposed to sail to the United States and that sailing got canceled.

If you look at a map of the world's ships, a lot of them are sitting idle off the coast of China, sitting there empty, waiting for their next orders because they were supposed to sail to the United States and that sailing got canceled.

Tugboats, yeah. You don't need to see those. So just the green ones are the cargo vessels.

Tugboats, yeah. You don't need to see those. So just the green ones are the cargo vessels.

They'll always turn to a circle when they're at the port because they're not moving. But if they're in the ocean and they're a circle, that's odd behavior. They're idling for no reason.

They'll always turn to a circle when they're at the port because they're not moving. But if they're in the ocean and they're a circle, that's odd behavior. They're idling for no reason.

You see all those circles that aren't moving? Those are all just ships waiting. They've been canceled for their sailing.

You see all those circles that aren't moving? Those are all just ships waiting. They've been canceled for their sailing.

A lot of them actually were repositioned to sail to Europe or sail Vietnam to the U.S.,

A lot of them actually were repositioned to sail to Europe or sail Vietnam to the U.S.,

Shipping components from China to another country. assembling those through a process that's called substantial transformation, which means you transform it to now it's a made in Vietnam product. Perfectly legal.

Shipping components from China to another country. assembling those through a process that's called substantial transformation, which means you transform it to now it's a made in Vietnam product. Perfectly legal.

And then it ships from Vietnam to the U.S. So from a logistics standpoint, you just ship the same thing twice. Once from China to Vietnam and then once from Vietnam.

And then it ships from Vietnam to the U.S. So from a logistics standpoint, you just ship the same thing twice. Once from China to Vietnam and then once from Vietnam.

Trade might actually go up at all of this.

Trade might actually go up at all of this.

Global trade movements.

Global trade movements.

We can definitely do this.

We can definitely do this.

Yeah. And then the ship will give you a tracking link so you can just follow it as it stops in multiple places across the world.

Yeah. And then the ship will give you a tracking link so you can just follow it as it stops in multiple places across the world.

Oh, I got bad news for her if you're listening. Uh-oh. The ship had to depart by April 9th.

Oh, I got bad news for her if you're listening. Uh-oh. The ship had to depart by April 9th.

So the ship had to depart. She's going to have to pay it.

So the ship had to depart. She's going to have to pay it.

Oh, you'd be surprised. They're like as fast as a speedboat.

I mean, you're going like 18 knots or something.

In fact, in the United States alone, there are 43 government agencies that take an interest in imported products of some kind.

Fish and wildlife. Well, for the couch, it's going to be, who does the fumigation certificates? If it's made of wood, you have to show that it's not infected with bugs.

If you look at a map of the world's ships, a lot of them are sitting idle off the coast of China, sitting there empty, waiting for their next orders because they were supposed to sail to the United States and that sailing got canceled.

Tugboats, yeah. You don't need to see those. So just the green ones are the cargo vessels.

They'll always turn to a circle when they're at the port because they're not moving. But if they're in the ocean and they're a circle, that's odd behavior. They're idling for no reason.

You see all those circles that aren't moving? Those are all just ships waiting. They've been canceled for their sailing.

A lot of them actually were repositioned to sail to Europe or sail Vietnam to the U.S.,

Shipping components from China to another country. assembling those through a process that's called substantial transformation, which means you transform it to now it's a made in Vietnam product. Perfectly legal.

And then it ships from Vietnam to the U.S. So from a logistics standpoint, you just ship the same thing twice. Once from China to Vietnam and then once from Vietnam.

Trade might actually go up at all of this.

Global trade movements.

We can definitely do this.

Yeah. And then the ship will give you a tracking link so you can just follow it as it stops in multiple places across the world.

Oh, I got bad news for her if you're listening. Uh-oh. The ship had to depart by April 9th.

So the ship had to depart. She's going to have to pay it.

If they don't change anything and this 145% duty sticks on China, it'll take out like mass bankruptcies. We're talking like 80% of small business that buys from China will just die. And millions of employees will go, you know, we'll be unemployed. I mean, it's sort of why I'm like, they obviously have to back off the trade. Like, that can't be that they just do that.

If they don't change anything and this 145% duty sticks on China, it'll take out like mass bankruptcies. We're talking like 80% of small business that buys from China will just die. And millions of employees will go, you know, we'll be unemployed. I mean, it's sort of why I'm like, they obviously have to back off the trade. Like, that can't be that they just do that.

I don't believe that they're that crazy.

I don't believe that they're that crazy.

If they don't change anything and this 145% duty sticks on China, it'll take out like mass bankruptcies. We're talking like 80% of small business that buys from China will just die. And millions of employees will go, you know, we'll be unemployed. I mean, it's sort of why I'm like, they obviously have to back off the trade. Like, that can't be that they just do that.

I don't believe that they're that crazy.