0:00
how vulnerable do you feel how exposed
0:01
are you in any way to the sort of the
0:04
larger global economic forces and and
0:06
those forces are often now being shaped
0:08
by American policy in particular tariffs
0:11
a concern the trade barriers a concern
0:14
Are you having to war game any scenarios
0:16
or I mean one of the big things for
0:17
anybody shipping into the US direct
0:19
which is what we do So we ship from our
0:21
warehouse in Milton Kees into the US
0:22
Anything under $800 can go into the US
0:24
duty-free And Trump decided to take that
0:27
away one day Then the next day it was
0:28
absolute chaos So he then put it he took
0:30
it away again So but there is a
0:32
possibility he will say everything
0:34
everything going into the US you pay you
0:36
pay you pay duty at whatever rate he
0:38
decides it's going to be whether it's
0:39
200% on French wine or quite what he's
0:42
going to decide on on shirts I don't
0:43
know that is you know US is our biggest
0:45
market We do ship everything direct So
0:48
we ship it in at at retail price So if
0:51
we're paying full duty at retail price
0:53
on products going to the US that's going
0:55
to be very very expensive for
