Quotes
The larger retailers are in a better position than some of the smaller retailers to be able mitigate
the costs of tariffs ... Gold said
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,
the Northwest Seaport Alliance said in a statementIf 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,
said GoldYou 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,
Boockvar wrote
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,
said Jonathan Gold, vice president of supply chain and customs policy at the National Retail FederationBy the end of this month, we’ll be down 20% the number of ship calls and probably about 25% in the volume of cargo,
Gene Seroka, the executive director of the Port of Los Angeles, told CNN’s Erin Burnett on MondayWe thought the negotiation would bring the tariffs down a bit, but didn’t expect it would be so much,
said Margaret Zhuang, a salesperson for the utensil factory in Guangdong province, one of China's manufacturing hubs
Although the policy change doesn’t cover our industry, we hope talks will continue and there will be better news during the 90-day pause,
he saidIt’s going to hurt people that are struggling a little more than average Americans,
Packard saidIt’s a better scenario than the alternative, but ultimately still this is a tremendous disruption for basic household items, like clothing, etc, that are shipped using the de minimus exemption,
Clark Packard, a trade policy research fellow at the Cato Institute, a libertarian think tank, told CNNDespite yesterday's tariff agreement between the United States and China, global trade conditions are still marked by considerable uncertainty,
acting Finance Minister Kim Beom-suk said during a meeting with economy-related ministers
There's a lot of inventory piling up in factories in China that now need to hit the water,
said Josh Staph, chief executive of Ohio-based Duncan Toys Company
The only option is to try to keep your head above water and be tossed by the waves, or to go out of business,
said Anna Barker, whose Mississippi-based firm Glo sells luminous toys designed in the United States and made in ChinaAs contrary as it might seem, ... by shifting our focus international, that is to maintain American jobs."
Barker said_(cropped).jpg)
The tariffs are still so large that you can't help but pass them along,
said KPMG chief economist Diane SwonkFirms remain in limbo as they try to plan long-term sourcing and investment decisions,
he addedI don't know that many retailers are going to say, 'Hey, for our biggest time of the year, 30 percent is OK,'
Seroka said
The return of the US market is largely attributed to China's resolute countermeasures. Standing firm has earned us the respect and the orders we deserve,
Mu added
Everyone wants consistency, and that's been the hard part of this whole thing. It's like a game of Risk, you really don't know what the right answer is,
Abt saidAssuming no hiccups along the way [in China-US trade talks], we can safely expect to raise our growth projections for the container market shortly,
Simon Heaney, Drewry's senior manager of container research, said on LinkedIn