"Policy could shift again. I remember you telling me about Customs and Border Protection finding out about changes on Truth Social. Things just keep changing. We have a Supreme Court case that's coming down the pipeline and it may, actually all the tariffs might just get refunded. And we'll find that out in the next couple of months. And then, by the way, for sure the administration will claim that as a victory because the stock market's going to go way up."
"Sometimes the best thing is to do nothing. You might say that's actually an action. It could be a radical action to just say, "Hey, we're going to stay calm." Some changes in a supply chain take many years to play out, if you're going to move your production to a new country. We've seen this where people said, "Oh, okay, China doesn't work. We're going to set up production in India." And it turns out the tariffs on India are just as high as on China right now."
Global trade conditions are changing daily, creating volatility in tariffs and supply chains. Tariff announcements can reverse quickly because policy can shift and legal outcomes, such as pending Supreme Court rulings, can retroactively refund duties. Government agencies and markets sometimes learn of changes unexpectedly, increasing uncertainty. In some cases, the best operational response is to delay action and maintain calm rather than immediately reshoring or relocating production. Shifting production across countries often takes years and can be undermined by similar tariff rates in alternative locations. Firms should weigh the long timelines and unclear policy environment before making irreversible supply-chain moves.
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