Scott Simon
๐ค SpeakerAppearances Over Time
Podcast Appearances
And the tariffs themselves have been really unpredictable as the president tries to negotiate with U.S. trading partners. So that presents another challenge, not only for forecasters, but more importantly, for the businesses and families who are trying to make decisions in this environment.
It's really challenging. Patrick Allen's wine business, for example, typically works with three-month lead times.
It's really challenging. Patrick Allen's wine business, for example, typically works with three-month lead times.
It's really challenging. Patrick Allen's wine business, for example, typically works with three-month lead times.
And right now, Allen should be ordering wine to sell during the fall and the Christmas holidays, but a lot of his customers are sitting on their hands because they have no idea what the tariff is going to be.
And right now, Allen should be ordering wine to sell during the fall and the Christmas holidays, but a lot of his customers are sitting on their hands because they have no idea what the tariff is going to be.
And right now, Allen should be ordering wine to sell during the fall and the Christmas holidays, but a lot of his customers are sitting on their hands because they have no idea what the tariff is going to be.
I talked to a customs broker last week who used to advance her clients' money to pay the tariffs. And she could do that when the import tax was 2% or 2.5%. But with today's much higher rates, she's not doing that anymore. Clients have to pay the tariffs up front on their own. So while these import taxes are raising money for the government, they're also gumming up the gears of commerce.
I talked to a customs broker last week who used to advance her clients' money to pay the tariffs. And she could do that when the import tax was 2% or 2.5%. But with today's much higher rates, she's not doing that anymore. Clients have to pay the tariffs up front on their own. So while these import taxes are raising money for the government, they're also gumming up the gears of commerce.
I talked to a customs broker last week who used to advance her clients' money to pay the tariffs. And she could do that when the import tax was 2% or 2.5%. But with today's much higher rates, she's not doing that anymore. Clients have to pay the tariffs up front on their own. So while these import taxes are raising money for the government, they're also gumming up the gears of commerce.
Alan told me at least he's got some nice French wine to soothe himself with.
Alan told me at least he's got some nice French wine to soothe himself with.
Alan told me at least he's got some nice French wine to soothe himself with.
You're welcome.
You're welcome.
You're welcome.
good morning leila good morning just waking up yes i'm so tired today oh i'm so sorry but i sound like this all the time you're the first person i've spoken to though wow i'm touched do you know i run into like listeners who will say that they'll say you're the first person who talks to me in the morning oh that's sweet yeah There might be variants on that.
good morning leila good morning just waking up yes i'm so tired today oh i'm so sorry but i sound like this all the time you're the first person i've spoken to though wow i'm touched do you know i run into like listeners who will say that they'll say you're the first person who talks to me in the morning oh that's sweet yeah There might be variants on that.
good morning leila good morning just waking up yes i'm so tired today oh i'm so sorry but i sound like this all the time you're the first person i've spoken to though wow i'm touched do you know i run into like listeners who will say that they'll say you're the first person who talks to me in the morning oh that's sweet yeah There might be variants on that.
You're the first person I like who I talked to today.