[TIPS] Tariff Globalization: Navigating Trade Beyond U.S. Borders

Machine Operated Script:

Renee Chuichiarelli  

Welcome back to simply trade tips with hammer and heels that are all otherwise known as Renee cucarelli myself and Julie Parks is here with me. As always, we’re going to leave you with call a call to action to help you f, i, o, or figure it out. We know that’s Julie’s acronym by now, if you’ve been listening, and we’re going to do this in less than five minutes. So Julie, what should we talk about today?

Julie Parks 

So I like our our Tariff chaos series, and for y’all watching at home, we’ve covered things like networking and organizing the chaos and work sanity today. Renee, let’s get a little bit more global, right? So maybe we’ll talk about tariff globalization. And while we talk a lot about the US, maybe it’s good to give some tips about how folks should be thinking about these tariffs globally.

Renee Chuichiarelli  

That’s a great topic. Sorry, what’s our we have, we’re going to have three tips today, I think, as normal as normal on their toes, right?

Julie Parks 

So we think the first thing is to think about, when you’re thinking about tariff globalization, is you have to know who’s who in your organization. They may not be directly related to your functions. So your lineage of customs or trade may not be there in your global structures, but there will be someone in supply chain, perhaps in finance, that may have this responsibility. It is very critical that you know who these people are in every impactful country that you produce in, import into and export into Renee, what are tips for how they can get that organized?

Renee Chuichiarelli  

Part of it depends on the size of your organization, right? You know, when you and I worked together, we were in a very large organization, and we needed to make sure we understood the roles and responsibilities of each, you know, department. I mean, we even had a pricing department and finance and payables. So it’s good to understand your organizational, you know, structure, right number one, and then two, know, like you said, Julie, just backing that up, does your purchasing department have the responsibility, you know, for global imports, or should it really be your customs people, right?

Julie Parks 

And if they don’t, I mean, it’s you got to brand them that way too, so that they understand that that’s part of their role. If they’re not. So there is some challenges in org structures, of course, when we’re doing globalization, the second thing Renee, and I want you guys to have some tips on is how to access and know the global regulations, right? So definitely, these folks that we just named are going to have some insights into that. But your like search mechanisms of, for example, the Canadian Gazette, you can put those on your radar as one as one thought. But Renee, what are some other ways that people can actually get to know these regulations? How do they know what’s coming out? Our

Renee Chuichiarelli  

networking episode is key to success in this right? We when we did business overseas, and we became importer, for example, we it was all about relationships. You know, he had to get the statement of work done, the contract done, and if you didn’t develop relationships and network, it was going to be much more difficult. So I think that’s awesome, referring them back to those episodes,

Julie Parks 

right? And also, you know, Renee, I’m thinking, we didn’t, we don’t plug brokers enough, but you’re using a broker to clear your freight in all of these countries, and they really do have to go through a lot of the effort of doing the recoding. So they might not be able to tell you exactly how it impacts your product, because it’s they’re so busy in your company, but you can get and they are a very, very valuable source of information for you as well. So to wrap things up, we think the call to action on this is to reach to one of your network points of contact, confirm their roles and responsibilities and get their data, get their data organized, make sure that they understand so for example, if the next countries that are on the list, seemingly is the EU, then maybe you’re reaching out to that more those internal points of contact, getting them named, having them understand that you’re going to need some data in the future here, and let us know how you did with that.

Renee Chuichiarelli  

All right, make a friend. And as usual, please go to our trade geeks community and let Julie and I know. Did you make a friend internally? Do you know their roles and responsibilities. Did our tips for organizing the chaos? Help? Did our tips for networking? Help? Just let us know we want to know if we’re making a difference. Thank you. Julie, Thanks, Renee, you.