In a bit of a contrast, John Lohse from Betar Inc. who is in the metal business then spoke about how his company did not have issues with tariffs because they lock pricing for 30 days. The materials they use cause final prices to be higher because the materials are an import. His view on tariffs is that they will cause people to buy less and less. An example of this would be whiskey is sitting on shelves in warehouses because other countries are not acquiring it due to tariffs. He stated that one way people combated tariffs was by stocking up on materials and selling those materials to other manufacturers when they heard that the tariffs were going to be put in place. A big point that Mr. Lohse emphasized was that tariffs affect everything. The reality is that they are pushing away buyers instead of helping the economy. He does not believe that they will last much longer. I enjoyed the interaction during the beginning of this presentation. Everyone was involved allowing us to feel engaged. I wish that this continued throughout the presentation. When the speakers were presenting it was hard to hear them at times without the microphone.
An important aspect that I always look forward to in presentations is there being visuals. I am a visual learner so having a powerpoint keeps me engaged and interested. Thankfully, there was a lot of great examples provided by the speakers so I did not lose interest.
- Fall '18
- Professor assadipour
- International Trade, John Lohse, Dr. Lindemann