Kelsey Wilson, founder and CEO, BlackLines Financial, joined "Forbes Newsroom" to discuss the possibility of price decreases caused by President Trump's tariff policies.
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00:00As someone with a financial planning perspective here, in the conversations when it comes to tariffs, it's volatility, there's fear, there's panic, people are concerned, people don't want prices to rise.
00:14Do you think there's anything missing really from the national and international dialogues when it comes to this tariff plan?
00:20Yeah, I think the biggest thing that's missing is the fact that it will take time for that landscape to change.
00:31So when it comes to tariffs, we hear a lot about the negative sides of tariffs and the negative sides of prices will go up, things will change.
00:40But there's not as much on the positive side of tariffs.
00:43In regards to as things change, there are going to be certain things that will potentially be cheaper for consumers.
00:51So when we're looking at that as those landscapes adjust, there is not always going to be that everything's going to be more expensive.
00:59Certain things will be less expensive just because of the fact that a company decided to shift gears and go and get their materials from one country that's a little bit cheaper, even with the tariff change.
01:11So there will be some positive things that will come from it.
01:15So that's one thing I think that is missing out of it is it is a landscape shift.
01:20So with anything that's a landscape shift, sometimes things are good, some things are bad, some things that you are accustomed to are going to change for the negative.
01:31Some things that you weren't accustomed to and didn't really think about are going to change for the positive.
01:35So it's just very important to realize that it's not all bad and just really look at the landscape and seeing how things are changing.
01:42So that way you can essentially move forward accordingly based upon those changes.
01:49Well, as we get a fuller picture here of the impact on tariffs, I hope you come back on and join me and break it down.
01:57Kelsey Wilson, thanks so much for the conversation.
02:00Of course. Of course. Thank you. And thank you for your time. And I'm so happy to be part of this.