Zanny Minton-Beddoes

And indeed, we reserve the right to change those tariffs all the time.

And we're going to threaten

change them.

And remember that President Trump has used tariffs not just to negotiate trade deals, but to impose punishments on countries for all kinds of things.

Tariffs were imposed on Brazil in August because President Trump didn't like the way that the current government was prosecuting former President Bolsonaro.

And he made very clear that was one of the reasons that very high tariffs were imposed on Brazil.

So if you're using tariffs to punish countries for all manner of things and you change your mind about tariffs a lot, you have, as you say, an incredibly uncertain system.

And you have an uncertain system that has different tariff rates for all manner of countries.

So, yes, it's extraordinarily complicated and confusing.

And the other thing is that the U.S.

has now recently got rid of what's called the de minimis provision.

And the de minimis provision meant that any imports of a small amount – and I think it was up to $800 – were tariff-free.

And those big Chinese consumer companies like Shein that were the ways in which people could buy very cheap clothes from China –

very cheap.

Yeah, I'm not passing judgment on whether they were a good idea or not.

But they came in through this de minimis arrangement.

And now lots of small importers, kind of mom and pop stores that import goods from China and then sell them on, they can no longer bring their goods in through that provision.

And so the impact is at the very least confusing.

But I think you're right.

It's a kind of bureaucratic nightmare.