Simply Trade

Simply Trade

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Simply Trade episodes

  • ICPA 2025 recap with Michelle Frennier

    What if the secrets to mastering global trade were hidden in one conference? Buckle up for an insider's journey through the most critical insights in international compliance!

    Join us for an electrifying breakdown of the ICPA 2025 Conference, where trade compliance experts reveal the strategies, challenges, and future of global commerce.

    Key Takeaways: 

    • Cutting-edge insights from top trade compliance professionals

    • The future of technology in global trade

    • Critical career development strategies

    • Why patience is your most valuable business asset

      Conference Highlights:

      1. Technology Transformation in Trade

        • 65% of trade tech focused on data cleaning

        • AI's role in compliance (spoiler: humans still essential!)

        • Emerging technologies reshaping global commerce

          1. Industry Demographics Revealed

            • 50% of trade brokers over 50 years old

            • Massive opportunity for young professionals

            • Critical need for new talent in trade compliance

              1. Expert Insights from Industry Leaders

                • Pete Mento's economic outlook

                • Bonnie Kirsch's corporate strategy masterclass

                • Navigating complex global trade landscapes

                  Actionable Strategies:

                  • Invest in continuous learning

                  • Understand emerging trade technologies

                  • Build robust compliance frameworks

                  • Develop patience as a strategic skill

                    This episode is your ultimate guide to understanding the complex world of international trade compliance, offering unprecedented insights from industry leaders.



                    Contact Michelle:

                    https://www.evolve-trade.com/our-team 

                    https://www.linkedin.com/in/michellefrennier/ 


                    Still Have Questions? Access Exclusive Resources Here ⏬

                    Recommended Resources:

                    Global Training Center Courses https://globaltrainingcenter.com/courses/ 

                    International Trade Compliance Webinars https://globaltrainingcenter.com/webinars/ 

                    Customs Broker Prep https://globaltrainingcenter.com/customs-broker-prep-course/ 

                     

                    Connect with Simply Trade Podcast:

                    - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g

                    - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

                    - Twitter: https://twitter.com/SimplyTradePod

                    - Website: https://globaltrainingcenter.com/simply-trade-podcast/

                     

                    Contact Us/ Suggest Topics

                     

                    Credits:

                    Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

                    Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

                    Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

                    Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

                    33 min
                  • [ROUNDUP] US Exporters Cautionary Tariff Tale - Ilja Kogan

                    Trade Expert Ilja Kogan unpacks the dramatic tariff saga! 🚨 Discover how one company's attempt to navigate EU tariffs backfired and what it means for businesses navigating complex international trade regulations.

                    Key Timestamps:

                    [0:00-10:00] 🌐 Trade Tensions Breakdown: US-EU Economic Showdown
                    [10:00-20:00] 🏍️ Harley Davidson Case Study: The Risky Move
                    [20:00-30:00] 🌟 Strategic Insights for Global Businesses

                    Guest Expert Background:

                    Ilja Kogan is an International Trade Maverick 🌍 who was born in Russia, grew up in Germany, and received his education across the Netherlands and Ireland. As an expert in cross-border logistics and customs, he now works as a consultant specializing in global trade strategies, bringing a unique multinational perspective to complex international business challenges.

                    Contact:

                    📧 Professional LinkedIn: https://www.linkedin.com/in/ilja-kogan/ 

                    Perfect for entrepreneurs, trade professionals, and business strategists looking to stay ahead of international economic shifts.


                    #GlobalTrade #TradeTensions #BusinessStrategy #USEU #TariffInsights #InternationalBusiness #TradePolicy #EconomicStrategy

                    Still Have Questions? Access Exclusive Resources Here ⏬

                    Recommended Resources:

                    Global Training Center Courses https://globaltrainingcenter.com/courses/ 

                    International Trade Compliance Webinars https://globaltrainingcenter.com/webinars/ 

                    Customs Broker Prep https://globaltrainingcenter.com/customs-broker-prep-course/ 

                     

                    Connect with Simply Trade Podcast:

                    - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g

                    - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

                    - Twitter: https://twitter.com/SimplyTradePod

                    - Website: https://globaltrainingcenter.com/simply-trade-podcast/

                     

                    Contact Us/ Suggest Topics

                     

                    Credits:

                    Host: Annik Sobbing - https://www.linkedin.com/in/annik-sobing-mba-b226251a2/

                    Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

                    Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

                    Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.


                    28 min
                  • The Big Trade Reset: TPM Re-cap with Steve Ferreira

                    We welcome back Steve Ferreira to the show with an explosive TPM 25 recap! 🚢

                    In this high-stakes episode, we unpack the critical conversations, emerging challenges, and strategic insights that are reshaping international logistics. From tariff uncertainties to geopolitical tensions, learn how top companies are navigating the complex trade landscape in 2025. 🌐 This isn't just a conference recap—it's your strategic playbook for staying ahead in an unpredictable global market! 📊

                    Key Timestamps:

                    [0:00:33] - 🎬 Conference Introduction and TPM 25 Overview
                    [0:02:06] - 🏆 Steve's 10th TPM Perspective: Unique Conference Dynamics
                    [0:05:20] - 🧭 Strategic Response vs. Reaction in Trade Challenges
                    [0:11:53] - 🌊 Panama Canal and China Trade Complexities
                    [0:17:33] - 💪 Industry Resilience and Collaborative Problem-Solving

                    Hot Topics Covered:

                    - 🌋 Geopolitical uncertainty in global trade
                    - 💰 Tariff impacts on importers and exporters
                    - 🛡️ Supply chain resilience strategies
                    -🌏China trade challenges
                    - 💸 Cost management in volatile markets

                    Contact Information:

                    Steve Ferreira
                    Company: https://oceanaudit.com/  🚢
                    Specialty: Ocean Freight Refunds and Cost Recovery 💼
                    LinkedIn: https://www.linkedin.com/in/steveaferreira/  🔗
                    Website: https://oceanfreight.tv/  🌐

                    Parting Value Proposition:

                    🎯 This episode is your insider's guide to understanding the critical shifts in global trade. Whether you're an importer, exporter, or supply chain professional, the insights shared here can save your company thousands and position you strategically in an ever-changing market. 🏆

                    Don't miss out—listen, learn, and leverage these expert insights to transform your trade compliance approach! 🚀

                     

                    Still Have Questions? Access Exclusive Resources Here ⏬

                    Recommended Resources:

                    Global Training Center Courses https://globaltrainingcenter.com/courses/ 

                    International Trade Compliance Webinars https://globaltrainingcenter.com/webinars/ 

                    Customs Broker Prep https://globaltrainingcenter.com/customs-broker-prep-course/ 

                     

                    Connect with Simply Trade Podcast:

                    - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g

                    - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/ 

                    - Twitter: https://twitter.com/SimplyTradePod 

                    - Website: https://globaltrainingcenter.com/simply-trade-podcast/

                     

                    Contact Us/ Suggest Topics

                     

                    Credits:

                    Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

                    Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

                    Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

                     

                    24 min
                  • [ROUNDUP] USMCA: Crossing Borders or Crossing Fingers?

                    Is USMCA your trade superhero or just another bureaucratic sidekick?

                    Join JD Gonzalez and Brian Barber as they dive deep into the wild world of USMCA tariffs that's got importers playing a high-stakes game of regulatory roulette! ⏰


                    Our Guests:
                    JD Gonzalez: https://www.linkedin.com/in/jd-jose-gonzalez-7132111/ 
                    Brian Barber: https://www.linkedin.com/in/bebarber 

                    Episode Roadmap:
                    🌊 [00:02] Tariff Tsunami Hits: March 4th Border Breakdown

                    • 2,000 trucks stranded

                    • Volumes dropping faster than hot potatoes

                      🧑‍💻 [08:15] USMCA Survival Guide: Decode the Compliance Cryptex

                      • Certificate of origin: Your golden ticket or paper chase?

                      • Small businesses beware: Compliance is not for the faint of heart!

                        🤜 [15:30] Cash Flow Karate: Dodging Tariff Punches

                        • How to keep your import strategy kung-fu strong

                        • Broker secrets revealed: Transparency is your superpower 💪

                          ⛈️ [22:45] Steel and Aluminum: The Next Trade Thunderdome

                          • Derivatives drama incoming

                          • Prepare your documentation or prepare to pay!

                            Who should listen:

                            • Importers on the edge of their seats

                            • Trade compliance geeks

                            • Anyone who wants to survive the tariff jungle 🌴

                              Warning: May cause sudden urges to become a trade regulation expert! 🕵️‍♀️

                              #TradeLife #USMCA #ImportExportSurvivalGuide

                              Grab your coffee ☕ and get ready for a wild ride through the world of international trade! 🌍


                              Recommended Resources:

                              Global Training Center courses https://globaltrainingcenter.com/cour...

                               International trade compliance webinars https://globaltrainingcenter.com/webi...

                              Customs broker certification programs https://globaltrainingcenter.com/cust...


                              Connect with Simply Trade Podcast:

                              - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g?sub_confirmation=1

                              - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

                              - Twitter: https://twitter.com/SimplyTradePod

                              - Website: https://globaltrainingcenter.com/simply-trade-podcast/

                               

                              Contact Us/ Suggest Topics

                               

                              Credits:

                              Host: Annik Sobbing - https://www.linkedin.com/in/annik-sobing-mba-b226251a2/ 

                              Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

                              Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/


                              17 min
                            • How to Stay Sane (and Successful) When Trade Policies Keep Changing - Bethany Seymour

                              What if the next global trade policy shift could be your company's biggest competitive advantage?

                              In this episode, we sit down with trade compliance expert Bethany Seymour, and dive deep into transforming global trade challenges into strategic opportunities. Learn how top professionals navigate complex international trade landscapes, turning potential disruptions into competitive advantages.

                               

                              Expert Insights: "Trade compliance is the only department that touches every single company function in a single day." - Bethany Seymour

                              Actionable Strategies:

                              • Create monthly internal trade intelligence newsletters

                              • Develop a "back-pocket" briefing for executives

                              • Establish cross-functional communication channels

                              • Continuously educate team on emerging trade dynamics

                                Recommended Resources:

                                • Global Training Center courses

                                  https://globaltrainingcenter.com/courses/

                                • International trade compliance webinarshttps://globaltrainingcenter.com/webinars/

                                • Customs broker certification programshttps://globaltrainingcenter.com/customs-broker-prep-course/

                                   Subscribe, rate, and share Simply Trade podcast - your gateway to mastering global trade dynamics! #InternationalTrade #TradeCompliance #GlobalBusiness #SupplyChainStrategy


                                  Connect with Simply Trade Podcast:

                                  - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g?sub_confirmation=1

                                  - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

                                  - Twitter: https://twitter.com/SimplyTradePod

                                  - Website: https://globaltrainingcenter.com/simply-trade-podcast/

                                   

                                  Contact Us/ Suggest Topics

                                   

                                  Credits:

                                  Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

                                  Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

                                  Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/



                                  36 min
                                • [ROUNDUP] Breaking News - 25% Tariffs on Mexico, Canada, and China

                                  Here's Tariffs! 🔪💰


                                  In this urgent podcast episode, Simply Trade News breaks down the critical trade developments as President Trump implements unexpected 25% tariffs on imports from Mexico, Canada, and China, effective March 4th. Trade expert Cindy De Leon provides insider insights on navigating this complex trade landscape.


                                  Connect with our expert:
                                  https://www.deleon-trade.com/our-team/cindy-deleon/ 
                                  https://www.deleon-trade.com/ 

                                   

                                  Key Takeaways:

                                  1. Tariff Breakdown

                                    • 25% tariffs on imports from Mexico and Canada

                                    • 10% additional tariffs on Chinese goods (potentially reaching 45% when combined with existing duties)

                                    • Immediate impact on importers, supply chains, and consumer prices

                                      1. Critical Business Implications

                                        • Importers must reassess supply chains and cost structures

                                        • Potential cash flow challenges for businesses

                                        • Increased customs bond requirements

                                        • Possible price increases passed to consumers

                                          1. Potential Supply Chain Disruptions

                                            • Temporary import programs like maquiladoras could be severely impacted

                                            • Goods crossing borders multiple times may face compounding tariff costs

                                            • Perishable goods like produce face immediate challenges

                                              Expert Insights from Cindy De Leon: "Companies need to analyze their specific data, run their own numbers, and understand the direct impact on their business."

                                              Actionable Recommendations:

                                              • Review import contracts

                                              • Assess supply chain flexibility

                                              • Prepare for potential duty surcharges

                                              • Consider bonded warehouse strategies

                                              • Maintain transparent communication with customers

                                                This episode provides critical, real-time intelligence for importers, exporters, and businesses navigating unprecedented trade challenges.


                                                Connect with Simply Trade Podcast:

                                                - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g?sub_confirmation=1

                                                - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

                                                - Twitter: https://twitter.com/SimplyTradePod

                                                - Website: https://globaltrainingcenter.com/simply-trade-podcast/

                                                 

                                                Contact Us/ Suggest Topics

                                                 

                                                Credits:

                                                Host: Annik Sobbing - https://www.linkedin.com/in/annik-sobing-mba-b226251a2/

                                                Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

                                                Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

                                                 

                                                26 min
                                              • [ROUNDUP]: Breaking Down the 25% EU-US Trade Tariffs - Kyle Grobler

                                                Trade compliance expert Kyle Grobler breaks down how these changes will impact global businesses, supply chains, and international trade strategies. Learn critical insights to protect your company's bottom line in this must-watch trade update.

                                                Main Takeaways:

                                                1. 25% tariffs on steel, aluminum, and EU goods

                                                2. Potential impact on global supply chains

                                                3. Strategies for trade compliance

                                                4. EU-US trade tensions escalating

                                                  #TradeTips #GlobalTrade #TradeCompliance #InternationalBusiness #TrumpTariffs


                                                  Connect with EU trade expert Kyle Grobler: https://ie.linkedin.com/in/kylegrobler 
                                                  Stay ahead of the game, get the credits you need and education you deserve: https://globaltrainingcenter.com/courses/ 

                                                  Connect with Simply Trade Podcast:

                                                  - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g?sub_confirmation=1

                                                  - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

                                                  - Twitter: https://twitter.com/SimplyTradePod

                                                  - Website: https://globaltrainingcenter.com/simply-trade-podcast/

                                                   

                                                  Contact Us/ Suggest Topics

                                                   

                                                  Credits:

                                                  Host: Annik Sobbing - https://www.linkedin.com/in/annik-sobing-mba-b226251a2/

                                                  Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/




                                                  24 min
                                                5. Plan Mexico and USMCA: Circling back with Alberto Villarreal from Nepanoa

                                                  In this episode, we dive deep into the challenges and opportunities facing companies operating between the US and Mexico. Introduction: The trade industry has been in a state of flux, with one month feeling like a year as policies shift and evolve. In this episode, we welcome Alberto Villareal, a binational firm leader fro Nepanoa helping businesses in the US and Mexico, to provide insights and strategies for navigating the evolving landscape.


                                                  Main Points/Takeaways:

                                                  1. Main Points/Takeaways:

                                                    🕰️ [0:00] Historical Context and Current Challenges 🤝

                                                    • Reflecting on the challenges during Trump's first term, including personal attacks and the modernization of USMCA

                                                    • Explaining Trump's negotiation tactics, including bundling issues like immigration, security, and trade

                                                    • Discussing the potential for collaboration between Mexico and the US on drug trafficking and human trafficking

                                                      🕰️ [10:00] Tariffs and Trade Negotiations 💰

                                                      • Hypothesizing that the steel and aluminum tariffs are aimed at deterring Chinese steel and aluminum dumping

                                                      • Highlighting the importance of maintaining USMCA compliance and the need for Mexico to tighten controls on forced labor products

                                                        🕰️ [20:00] Plan Mexico and Future Economic Goals 🇲🇽

                                                        • Introducing Plan Mexico, an initiative by President Sheinbaum to boost Mexico's economy

                                                        • Explaining the goals of Plan Mexico, including employment, wage increases, and global partnerships, as well as the iMex 2.0 program

                                                          🕰️ [30:00] Collaboration and the Future of North America 🌍

                                                          • Agreeing on the importance of collaboration and the potential for Mexico and the US to align on common goals

                                                          • Highlighting Mexico's actions, such as classifying cartels as terrorist organizations and collaborating with the US on security operations

                                                            This episode provides valuable insights into the evolving US-Mexico trade landscape, highlighting the challenges and opportunities for businesses operating in the region. The discussion emphasizes the importance of collaboration, strategic planning, and adaptability in navigating the rapidly changing trade environment.


                                                            Connect with the experts on the show:
                                                            Alberto Villareal - https://www.linkedin.com/in/betovillarrealgarza/
                                                            Nepanoa - https://www.nepanoa.com/

                                                            Connect with Simply Trade Podcast:

                                                            - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g?sub_confirmation=1

                                                            - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

                                                            - Twitter: https://twitter.com/SimplyTradePod

                                                            - Website: https://globaltrainingcenter.com/simply-trade-podcast/

                                                             

                                                            Contact Us/ Suggest Topics

                                                             

                                                            Credits:

                                                            Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

                                                            Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

                                                            Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

                                                            43 min
                                                          • [Eh!] Tariffs, Executive Orders, and Supply Chain Challenges: Unlocking Solutions for US-Canada Trade

                                                            Brace yourself for the latest twists and turns in the US-Canada trade saga. In this eye-opening episode, trade experts dive deep into the executive orders, tariffs, and policy changes that are reshaping cross-border commerce.

                                                            The relationship between the United States and Canada is a critical one for businesses on both sides of the border. With a flurry of recent executive orders and policy shifts, navigating the new trade landscape has become increasingly complex. Join us as we unpack the latest developments with seasoned trade professionals Jill Hurley and Will Pellerin, who provide invaluable insights and practical guidance for importers, exporters, and anyone involved in international trade.


                                                            Expert Guests Featured:

                                                            Warrington Ellacott - https://www.linkedin.com/in/warringtonellacott/ 
                                                            William Pellerin - https://www.linkedin.com/in/williampellerin/ 
                                                            Jill Hurley - https://www.linkedin.com/in/jillhurley/ 

                                                            Main Points/Takeaways:

                                                            1. Understanding the Impact of Executive Orders

                                                              • Explore the key provisions of the "America First" trade policy and how it has set the stage for subsequent actions

                                                              • Analyze the impact of the 25% tariffs on Canada and Mexico, as well as the 10% tariffs on China

                                                              • Discuss the challenges posed by the lack of clarity around "derivatives" and the potential penalties for misclassification

                                                                1. Navigating the Shifting Landscape

                                                                  • Discover the importance of supply chain visibility and the need to model different tariff scenarios

                                                                  • Learn about the Canadian government's remission process and how it can be leveraged to mitigate the impact of retaliatory tariffs

                                                                  • Explore strategies for diversifying markets and finding alternative sales channels

                                                                    1. Legal and Contractual Considerations

                                                                      • Understand the complexities of contract review and the need to assess liability, force majeure clauses, and renegotiation provisions

                                                                      • Discuss the challenges of implementing a "reciprocal trade policy" and the potential impact on businesses

                                                                        1. Proactive Engagement and Advocacy

                                                                          • Emphasize the importance of engaging with government trade officials, industry associations, and legal professionals

                                                                          • Highlight the value of staying informed and advocating for business interests in the face of evolving trade policies

                                                                             

                                                                            In an era of heightened trade tensions, staying ahead of the curve is crucial for businesses navigating the US-Canada trade landscape. This episode provides a wealth of insights and practical guidance from seasoned trade experts, equipping listeners with the knowledge and strategies needed to adapt and thrive in the face of ongoing policy changes. Whether you're an importer, exporter, or simply interested in the dynamics of cross-border commerce, this episode is a must-listen for anyone seeking to navigate the shifting trade environment.



                                                                            Connect with Simply Trade Podcast:

                                                                            - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g?sub_confirmation=1

                                                                            - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

                                                                            - Twitter: https://twitter.com/SimplyTradePod

                                                                            - Website: https://globaltrainingcenter.com/simply-trade-podcast/

                                                                             

                                                                            Contact Us/ Suggest Topics

                                                                             

                                                                            Credits:

                                                                            Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

                                                                            Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/



                                                                            47 min
                                                                          • [NEWS] Decoding the Chaos of International Trade

                                                                            The world of global trade is in a state of flux, with the Trump administration's aggressive use of tariffs and trade policies creating uncertainty for businesses across industries. In this episode, we sit down with Bonnie Kersch, CEO of Magnolia Global Trade Solutions, to unpack the current landscape and explore strategies for companies to thrive in these turbulent times.

                                                                            Main Points/Takeaways:

                                                                            1. Tariff Tug-of-War: Bonnie provides a comprehensive overview of the Trump administration's tariff actions, including the controversial deportation flight to Colombia and the subsequent retaliatory measures from trading partners. She emphasizes the need for businesses to stay proactive in understanding the ever-changing tariff landscape.

                                                                            2. Navigating the Supply Chain Maze: Businesses must carefully analyze their supply chains and explore alternative sourcing options to mitigate the impact of tariffs. Bonnie discusses strategies such as near-shoring, duty mitigation, and leveraging free trade agreements.

                                                                            3. Protecting the Consumer: Tariffs have the potential to significantly impact consumers, with Bonnie highlighting the potential for a 45% increase in the cost of goods imported from China. She emphasizes the need for businesses to carefully consider how to absorb or pass on these costs.

                                                                            4. Lessons from History: Bonnie draws parallels between the current trade landscape and the Smoot-Hawley Tariff Act of the 1930s, which exacerbated the Great Depression. She underscores the importance of learning from history to avoid repeating past mistakes.

                                                                            5. Innovative Solutions or Impractical Proposals? Bonnie provides a critical analysis of the proposal to abolish the IRS and replace income taxes with tariff revenue, highlighting the mathematical and practical challenges of such a plan.

                                                                            In these uncertain times, businesses in the international trade and import/export sectors must stay informed, agile, and proactive. By understanding the evolving tariff landscape, exploring creative supply chain strategies, and learning from historical precedents, companies can navigate the turbulent seas of global trade and position themselves for success. Bonnie's insights provide a valuable roadmap for businesses looking to thrive in this dynamic environment.

                                                                            Enjoy the show!

                                                                            Find us on YouTube: https://www.youtube.com/@SimplyTradePod 

                                                                            Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/ 

                                                                             

                                                                            Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

                                                                            Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/

                                                                            Show Resources:

                                                                            Bonnie Kersch: https://www.linkedin.com/in/bonnie-kersch/ 
                                                                            Magnolia Global Trade Solutions: https://magnoliaglobaltrade.com/  

                                                                             

                                                                            Contact [email protected] or message @SimplyTradePod for:

                                                                            • Advertising and sponsoring on Simply Trade

                                                                            • Requests to be on the show as guest

                                                                            • Suggest any topics you would like to hear about

                                                                              Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

                                                                              35 min

                                                                            About Simply Trade

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