00:00It gets to a question I have just about the psychology of these companies vis-a-vis tariffs
00:04at this moment. How much are companies, in light of what they've been through here with tariffs
00:08put on and taken off, increased and reduced, now watching this refund process unfold,
00:15how are companies dealing with the kind of broader ambiguity surrounding, yes, the tariffs policy,
00:20but also now this new ambiguity around the refunds policy?
00:23Well, I think companies are, they're just trying to be business as usual as much as they can,
00:28and I think uncertainty has become a little bit more usual. In the last year, the administration
00:36has promised to restore the tariff revenue. The current set of tariffs under Section 122
00:45is a 10% levy across the board, and it expires in July, and I think businesses are pretty much
00:54taking them at their word on that. There's a little bit of, let's try to get stuff in right
01:02away, a little bit of front-loading to get ahead of maybe a worse potential outcome for
01:07them, depending on the type of good they import, but for the most part, I think companies are
01:14just moving forward under the assumption that tariffs are here to stay.
Comments