E576: The Impact of Donald Trump's Administration on E-Commerce
The Ecomcrew Ecommerce Podcast
Release Date: 11/11/2024
The Ecomcrew Ecommerce Podcast
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Tariffs are back again and stronger than ever. Things are still a little shaky at the moment because we never really know what will happen tomorrow but today, Dave discusses 5 ways you can deal with the new tariffs through DDP, diversifying, and negotiation. Big Takeaways: It is basically impossible to eliminate the effects of the tariffs but there are ways to minimize them. DDP shipping puts risk on your supplier, not you. Diversifying sales channels can be a great way to keep your profit margins healthy. Negotiate discounts with your suppliers to soften the...
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info_outlineIn this episode, Dave talks about the potential impacts of Donald Trump's presidency on e-commerce, focusing on tariffs, currency fluctuations, and whether big tech companies like Amazon will still be under scrutiny from FTC.
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Takeaways
- Trump's presidency will almost 100% signify a tariff on all international imports.
- Companies will have no choice but to either increase their prices, absorb the cost, or to look at sourcing locally.
- Other than that, expect higher freight costs in the near term. Almost everyone will be placing more orders before tariffs are implemented, which will spike up freight costs.
- Big tech will certainly be affected too.
- Trump's stance on TikTok has softened.
- Amazon and Trump have a rough relationship, and its unlikely that Trump will ease their FTC issues.
Chapters
- 00:00 - The Impact of Trump's Presidency on E-Commerce
- 10:10 - Tariffs and Their Implications for E-Commerce
- 14:27 - Currency Fluctuations and Economic Strategies
- 18:15 - Big Tech and E-Commerce Dynamics
- 20:24 - Digital Taxes and Global Trade Relations
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Until next time, happy selling!