Dave's back on the podcast with me to talk about one of our favorite topic - tariffs (insert sarcasm). As anyone caught in this plight will know, the US and Chinese governments have reached another impasse in the ongoing trade talks. This resulted in the Trump administration raising tariffs from 10% to 25% on $200 billion worth of goods imported from China effective this month. Here are some key points from our discussion. How are things looking? Both sides of the fence are playing it tough in this trade war for distinctly different reasons. Trump believes he's a great negotiator and is convinced that he will sway the Chinese and bring back manufacturing jobs to America. The Chinese, on the other hand, has learned not to kowtow to any country that perceives itself as a 'superpower'. It stands firm on its position and will retaliate if necessary to push their trade agenda forward. What are the possible implications? On June 17, 2019, the implementation of 25% tariffs on the remaining $300 billion worth of goods (List 4 | the final tranche) will be reviewed. If a trade deal isn't reached, it could take effect late in the year. If Chinese imports are tariffed to the hilt, there would be inflationary consequences. How does an ecommerce company like yours prepare for this? Monitor growth Focus on profit instead of top-line growth <li style="font-weight: 4