

Destroying Global Trade | Interview: Ryan Peterson
12 snips Apr 14, 2025
Ryan Peterson, CEO of Flexport and logistics expert, joins to discuss the fallout from President Trump's tariffs and their devastating impact on businesses. He shares insights on how Walmart and others are maneuvering through trade wars and shifting supply chains. The conversation dives into the effects of high tariffs on small enterprises and the urgent need for contract renegotiations. Additionally, Peterson touches on the dangers posed by geopolitical tensions, notably the Houthi attacks on shipping routes, highlighting the complexities of global trade today.
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Furniture Importer's Dilemma
- A customer with over 100 containers of furniture in China faces 170% duty due to new tariffs.
- They must decide whether to cancel the order, damaging their factory relationship, or import at a loss.
Walmart Contract Negotiation
- Businesses with existing contracts under the old tariff regime face renegotiations.
- Walmart's reaction to a supplier's pricing dilemma highlights the uncertainty.
Tariff Impact Timeline
- Businesses face potential bankruptcy if tariffs remain beyond 90 days.
- Smaller businesses are more vulnerable than larger, better-capitalized companies.