Welcome to Wired's Uncanny Valley. I'm Wired's director of business and industry, Zoe Schiffer.

Well, we're 100 days into Trump's second term in office, and we're all waiting to see what happens with a

tariff standoff with China, especially for businesses of all sizes that absolutely depend on

international trade. In some cases, the setbacks have been so significant that businesses

with set production cycles are saying they might not even meet their deadlines. And one of

those deadlines is pretty important because it's Christmas. Today on the show, I'm joined by Wired's senior business editor, Luis Metzakis, to talk the latest on tariffs.

Welcome to Uncanny Valley, Louise.

Hey, Zoe. Thanks for having me.

Let's dive right in because we had some reporting on Wired this week about Christmas specifically.

And I guess the first question to kick

things off is, is Christmas canceled? Well, it definitely could be. I think that we're certainly in danger of

missing a bunch of deadlines for, like you said, production cycles for things like artificial

trees to be produced, decorations, toys for kids to put under the tree, all of those things

start happening now in April.

I think that that's like a little bit counterintuitive for a lot of people.

It definitely was for me when Zaii, a reporter, started working on this story.

Like the idea that these companies in the United States need to anticipate what they're going to need

for Christmas, like now is kind of mind-blowing.

Totally. So if you think about it, though, it makes a lot of sense. So the first thing you

need to do is negotiate with the suppliers, you know, agree on designs, finalize product

orders, and then it takes about, you know, two to three months for the manufacturing

to actually happen, for all of those ornaments to be produced, for the decorations to put on, for

...