Odd Lots What Trump's Tariffs Are Already Doing to World Trade
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Apr 7, 2025 
Ryan Petersen, the founder and CEO of Flexport, dives into the immediate effects of Trump's new tariffs on global trade. Companies are racing to move goods to avoid deadlines, leading to contract cancellations and delayed factory projects. Petersen explains the complex mechanisms of implementing tariffs and the operational hurdles businesses face. He discusses how these tariffs are reshaping logistics strategies and the broader economic implications, including rising consumer prices and disrupted supply chains.
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Teddy Bear Troubles
- Tracy Allaway recounts a past struggle shipping a teddy bear from Hong Kong to the US.
- This led her to Ryan Peterson, CEO of Flexport, for expert advice on global trade and logistics.
Tariff Implementation
- New tariffs are applied cumulatively based on product category and country of origin.
- Payment is made to the US Treasury via Customs and Border Protection, typically through ACH transfer.
Departure-Based Tariffs
- Unusually, these reciprocal tariffs are based on the vessel's departure date, not the goods' entry into the US.
- This has caused a rush to ship goods before deadlines to avoid higher tariffs.