robert kepp joins me now from hong kong, the director for the economist corporate network. thank you so much for joining us. >> thank you for having me. >> now, so, for most of our viewers watching here in the united states, their main concern, of course, is how these tariffs will impact them directly when they go to purchase goods and they want to know how soon they will feel that impact on their pocket books. what would you tell them? >> well, actually, as you phrased the question, there isn't a lot for the average consumer to worry about right now. for example, christmas season purchasing by companies and retailers was done well in advance. in fact, we noticed an uptick in trade with the u.s. and china before these tariffs were announced with suppliers anticipating that. so the average consumer isn't going to feel that for that reason. also because the sorts of goods tharz being target that are being targeted in this round of goods will be those most impact the. >> they won't have to go out and buy all the gadgets they want in advance. >> i can't give advice in that rega