And it still leaves Australia facing a global economy that is less open and less multilateral. The assumption would be 10% tariffs on Australia, with the hope of something better on steel and aluminium,
That uncertainty is worse than the 10% tariff,
Certainly countries are not coming on bended knees,
We're not looking to hurt China,
If they (retailers) start placing orders now, mid to late June is when that cargo might start to arrive. So you’ll probably see a slowdown for the next few weeks and then an uptick up until July,
The larger retailers are in a better position than some of the smaller retailers to be able mitigate
These (tariff) reductions don’t undo the consequences of their implementation. The uncertainty, market disruption, cargo fluctuation, and lost business caused by the initial and remaining tariffs is still a significant concern. Both reductions in cargo and surges have consequences that impact the supply chain. Consistency is a requirement of a fluid supply chain and the jobs that depend on it,
You are going to see a rush of ordering over the next 90 days the likes we’ve never seen before. You are going to see the cost of transportation skyrocket too in the coming weeks/months,
You’re right kind of smack dab in the middle of when all that holiday merchandise is supposed to be coming in. So , there might be some retailers who decide to bring more product in early to get ahead of that potential expiration if they’re able to,
By the end of this month, we’ll be down 20% the number of ship calls and probably about 25% in the volume of cargo,
Thirty per cent [tariff] is still too high. We need to wait and see if our customers can bear the tariff. It’s definitely impossible for us to bear it,
We had some pre-existing US customers but all these people didn’t show up this year,
I’ve already started contacting US customers regarding price and products,
Any tariffs above 35 per cent would kill most of the exports because that’s the entire gross profit margin for China’s export sector,
For us, it means there’s going to be a Christmas this year,
Well, maybe the children will have two dolls instead of 30 dolls. And maybe the two dolls will cost a couple bucks more than they would normally,