Tariff Thursday Part 6: How SMBs Are Adjusting to Change

Join host Mike and special guests Pranay and Hamaad from MFD in this episode of 'Tariff Thursdays' as they explore critical updates on current trade issues, including the pause on reciprocal tariffs, new trade deals, and the consequences of shifting cargo volumes from China. The discussion delves into the complexities of global trade, the impact of tariffs on SMBs and large companies, and the possibilities for future trade agreements. PNE and Hamad provide their expert insights on navigating tariff challenges, the importance of supply chain transformation, and the implications of commercial versus manufacturing origin. Learn more about MFD's offerings, including their limited-time supply chain consultations, and get ready for a deeper dive into trade regulations during their collaborative webinar with ShipBob.00:00 Welcome to Tariff Thursday00:24 Special Guests Introduction00:37 Free Supply Chain Consultations01:04 Technical Difficulties01:26 Recap of Recent Tariff Developments02:58 Discussion on Trade Agreements04:59 Impact of Tariffs on Global Trade09:18 China's Role in Global Supply Chains14:37 Substantial Transformation and Rule of Origin17:10 Challenges for Small and Medium Businesses23:15 Challenges for American Car Brands in the UK24:11 Understanding Rule of Origin and Duty Paid24:52 Technicalities of Customs Declarations26:54 Commercial vs. Manufacturing Origin31:19 Intent and Legal Implications in Trade33:02 Fraud and Loopholes in Global Trade42:02 Final Thoughts and Upcoming Webinar