i work for an importer. My family are all college educated. I still have to explain this to people who have business degrees who should know better. The single most important thing I do at work is make sure the taxes and tariffs are paid before the shipping container gets released from the ship.
Yea, I work in booze importing so we have been hit hard as many are giving up drinking (not criticizing that choice only stating a fact) and many others can no longer afford alcohol regularly.
not the same person but i work in TLSC - variously, yes, in general people are doing feast and famine to import when tariffs get paused, and don’t when they’re not
Is it possible that the will they won’t they tariff policy is actually increasing imports, since companies now have to hold more inventory to cover for it?
Depends, but generally what people do is “nearshoring” or “friendshoring” where they send things through a different country that has lower rates - i.e. if you can ship it directly from India but it costs too much on tarrifs, ship it from India to Mexico and drive it over the border to get a lower rate.
i work for an importer. My family are all college educated. I still have to explain this to people who have business degrees who should know better. The single most important thing I do at work is make sure the taxes and tariffs are paid before the shipping container gets released from the ship.
I often think the world does not need more people with MBA’s.
Is there any substantial decline in the imports in the last 6 months?
Yea, I work in booze importing so we have been hit hard as many are giving up drinking (not criticizing that choice only stating a fact) and many others can no longer afford alcohol regularly.
not the same person but i work in TLSC - variously, yes, in general people are doing feast and famine to import when tariffs get paused, and don’t when they’re not
Is it possible that the will they won’t they tariff policy is actually increasing imports, since companies now have to hold more inventory to cover for it?
Not in the wine importing business I work at. We are seeing across the board reductions and changes in drinking habits
Depends, but generally what people do is “nearshoring” or “friendshoring” where they send things through a different country that has lower rates - i.e. if you can ship it directly from India but it costs too much on tarrifs, ship it from India to Mexico and drive it over the border to get a lower rate.