Episode 303 - Tariffs, HTS Codes, and Supply Chain Wisdom with Burak Yolga
Episode description
Learn legal strategies to minimize tariffs with Burak Yolga, CEO and co-founder of Forceget.
Discover the importance of understanding HTS codes and how they impact global shipping costs. Burak shares creative, legal methods like product disassembly and reassembly that businesses use to mitigate the financial burden of import tariffs. Drawing from his recent visit to China, Burak provides firsthand observations on the evolution of China's manufacturing and export strategies, offering a fresh perspective on global sourcing. Explore the shifting landscape of global sourcing as businesses look beyond China to countries like Vietnam, India, and Turkey, and understand the inherent risks and challenges in international supply chains, including the crucial need for verifying suppliers' country of origin claims. Burak delves into the current impact of tariffs on shipping container volumes from China, the strategic use of bonded warehouses, and makes predictions on how persistent tariffs will affect product pricing and consumer markets. Learn how Forceget is assisting businesses with global shipping and marketplace entries, and gain actionable advice on navigating these turbulent times without panic.
Episode Notes:
00:30 - Burak Yolga Introduction
01:30 - Background and Global Trade Insights
03:28 - Understanding Tariffs and HTS Codes
05:15 - Strategies to Minimize Tariffs
07:29 - Risks and Challenges in International Supply Chain
09:10 - Shifts in Global Sourcing
12:33 - The Unfair Competition
14:15 - Balancing the Playing Field
18:35 - Impact on Shipping and Consumer Markets
23:00 - Market Responses and Predictions
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How to Reach Burak:
LinkedIn: linkedin.com/in/burakyolga1 | linkedin.com/company/forceget/
Scott’s Links:
LinkedIn: linkedin.com/in/scott-needham-a8b39813
Instagram: @smartestseller
YouTube: www.youtube.com/@smartestamazonseller2371
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