Zanny Minton-Beddoes
๐ค SpeakerAppearances Over Time
Podcast Appearances
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 โ and I think it was up to $800 โ 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 โ
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.
And there are quite a lot of countries and companies that are simply no longer willing to provide
courier services or packaging services to the United States because it's just too complicated to do the administration of the tariffs.
You're right.
The broad tariffs have been put into place under this emergency, so-called emergency... Economic powers act.
And that is being challenged and it's going all the way to the Supreme Court.
And I don't think it's at all clear which way the Supreme Court will rule.
And we've developed, my colleagues, a scoter spot, which is a