Flexport CEO complex violates an uncertain global trading landscape

Sunday, President Donald Trump’s convergents of the tariff tariffs, Flexport CEO Ryan Petersen, in an interview with CNBC in a detailed global trading environment in the interview of CNBC in detail Jim Cramer.

“It is very difficult to plan a supply chain when it shifts, so I think this businesses are difficult to understand, know what the government will do and how to build.” “This will lead to higher prices for consumer goods, but there are any variable taxes that can decrease or so possible, create a simpler adjustment base that can increase the demand.”

Flexport offers companies to help companies manage the logistics of the global supply chain. According to Petersen, the company’s customer base is trying to import more goods when they expect duties with China. Within weekendTrump announced tariff walks for some US main trading partners, China, Canada and Mexico. Petersen, the schedule of these changes was “unprecedented”, and even a monthly warning of Trump during the first leadership of Trump. So when the president was over, he said he was not surprised dilapidated Monday is growing a month in Mexico for a month. Also trump in the evening declared He would do the same for Canada.

Called Petersen Trump Administration turn back “De Minimis” from freedom to trade “a big change”. This condition, which is often evaluated as a trade gap, has allowed exporters to operate direct consumers and $ 800 and used by companies such as Temu and Shein. In addition to Chinese e-commerce giants, Petersen said that 30 of the hundred and hundred shops imported 30 in this way.

All these trump changes can change the scenery of trading in other ways, added petersen. He said that if the price of air loads, Hein and Temu are no longer sent to the current volume, can significantly reduce. Peterson also said Houthi rebels initial According to the serious violations of the Red Sea trade, perhaps the trump leadership is “a little back” due to the fear of movement. He said, “Rumors and talks” that container ships can pass the red sea to lower the price of ocean loads.

“It’s hard to work in a simple black and white world when global trading is complicated,” he said.