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Last Thursday, President Donald announced that the new tariffs called “Freedom Day” after the Donald Trump, Ryan Petersen, a virtual room full of more than 2,300 uncomfortable customers. Founder and CEO FlexportNow a 12-year-old global logistics and customs brokerage firm, learning the previous night in subtle print itself, is preparing to explain a new reality of the dizzying for our importers.
“We broke your live platform”, “Petersen talked about half a joke that night TechCrunch-In StrictlyVC event In San Francisco. “We need to get better.”
In less than 24 hours, the world of world trading has been upside down. Counties will be applied to a number of products from 79%, about 79%, China, including the sofa. Direct consumer shipping models protected by De Minimis, protected from $ 60 to $ 60, are now subject to new customs obligations. At the same time, the US ports can hit the ocean carriers with a port call for a rule to $ 1.5 million for a port call or in one port call.
“This is terrible for our customers,” he said. “For some of these companies, for many customers, [the spate of changes] There will be the type of existence of life and death decisions. “
Flexport, one of the largest customs brokers in the United States, did not have a choice but to take fast step. This year, Petersen, 200 clients, many, many, many of the many trust in the production of Vietnam, because they think that they are far from China.
However, Petersen said he was not surprised that Vietnam was shot 46% by tariff. “I’ve been waiting and that’s what we have to do there everywhere.”
The real surprise, he stated that the United States has closed the De Minimis program to imports worldwide. Change, such as Temu and Shein, also affects the work models of e-commerce giants, as well as thousands of sellers who perform from nearby Mexico.
“More than 30% of all e-commerce brands – the great ones – they set up in Mexico,” Petersen said. “So all goes away or at least freedom from this position.”
Petersen – a so-called believer Founder mode Those who talked to 50 employees a day – did not expect to start the word. “I had to dig and try to understand this work,” he said. “And then when I started to feel like I understand, I wrote a blog about Minimis. I bought the hedge fund. We were. [also] First seeing the fact that the semiconductors are carved. One of the largest investors in Nvidia, ‘Where do you see this?’ I am, ‘It’s [says it in the new law]. “”
Surprisingly, it was not only the logistics leadership, which FLEXPORT, Peter, who immediately offered Trump’s new Tariff War. It was tolerance. Flexport workers certainly needed it. “Everyone in a crisis will be a rally around the quietest person in his room,” he said. “You know, you are the leader of a company. Even if you are inside, you can’t make a leap; your company will be angry.”
Refrigerated headlines, Flexport’s customers are also something now needed. Tariff schedules, customs rules and shipping costs were applied to FLEXPORT to feel things that felt like customers full chaos.
And further disruptions. An expected proposal from the US trade representative, even ships in Chinese ships and even fleets, even ships on ships belonging to Chinese vessels.
“They say they will put a fee … If it is made in China, it is a million dollars … He has a million dollars to the United States …” Petersen said.
The goal is to stimulate the American shipbuilding rig, according to the leadership. In the view of the energy, the probable result, more widespread expenses, which are more widespread for importers and trying to minimize the number of sailors who lost their work as ships.
Despite all havoc, Petersen is not ready to call the end of free trade. “It’s probably not permanent,” he said. “I talked to one of the members of the cabinet … told me that it would be the beginning of the day of freedom and the process would not end.”
He said that some countries encouraged to respond to the maneuvers of the Trump Administration. “Vietnamese and Israel also came to the table, and this week, this week, the American goods were eliminated,” Petersen said.
It can offer a way forward: silent negotiations, mutual transactions and changed global supply chain. Meanwhile, Petersen and his team answers phones, closes a storm and moves the supply chain – and the bays break the webinar platforms to not rotate.
You can check the full interview – Petersen also talks about the AI and why the founder mode – received below.
