Since the market is constantly changing about President Donald Trump’s rise, Flexport Ryan Petersen’s CEO in detail how his customers deal with a volatile global commercial environment in Monday with Jim CRAMER from CNBC.
“It is very difficult to plan the supply chain when it changes day by day, so I think it’s really difficult to discover these companies, as you know, what the government will do, and how they should prepare themselves,” he said. “This is likely to lead to high prices, for consumer commodities, but there are all kinds of variables that may reduce taxes or set, create a simpler regulatory framework that may increase demand.”
Flexport provides services that help companies manage the global supply chain. According to Petersen, the company’s customer base is trying to import more and more commodities as they expect escalating duties, especially with China. During the weekend, Trump announced the high customs tariffs of some of the main commercial partners in the United States, China, Canada and Mexico. Petersen said that the schedule of these changes was “unprecedented”, as in Trump’s first administration, there was a notification for at least a month before they entered into force. Therefore, he said he was not surprised when the president ended with temporary increases on Mexico for a month on Monday. Later in the evening, Trump also announced that he would do the same for Canada.
Petersen called the Trump administration to the “minimum commercial exemption.” Great change. ”This condition, which is often seen as a commercial vulnerability, allowed exporters to send goods directly to consumers and less than $ 800 free of fees, and often used by companies such as Temu and Shein. Regardless of Chinese e -commerce giants, he said, he said Petsen in 30 of the best hundred trademarks of stores were imported in this way.
Petersen added that all these changes Trump may change the commercial scene in other ways. He said that the air shipping price may decrease significantly if Shin and Timo shipping are no longer in their current size. Peterson also said that the Houthi rebels had Start “To” a little retreat “to their serious disturbances in the trade in the Red Sea, perhaps because of the fear of working from the Trump administration. He said that there are” rumors and spoke “that the container ships may begin to go across the Red Sea again, which would reduce the price Ocean shipping.
“It is difficult to work in a simple black and white world when this global trade is this complex,” Petersen said.
