Tariffs hit RV prices
In today's Wall Street Journal, Michael Happe, CEO Winnebago, " We've had to go to market a bit more frequently and a bit more aggressively with some price increases as of late" They are also modifyin...
Forum Discussion
2edgesword wrote:RTCastillo wrote:
Yes, still apolitical and from someone who used economics for work in corporate financial planning.
We are now suffering from the unintended consequence of our drive for open trade by pressuring countries to lower their tariffs for our high-value products, cars, being an export dynamo.
Simple really. We can import their cheap steel and aluminum. Make them into high value-added cars and export to these countries under low tariff.
What happened is that it killed our steel and aluminum industries while these countries were able to make their own cars while US car manufacturers found cheap trainable workers in low wage countries and do the cars domestically and zero tariff.
The U.S. and world economies are so interconnected and convoluted I think is near impossible for the average individual (myself included) to figure out what will be in the best interest of the U.S long term.
True but I like the German approach.
They know they can no longer compete as low cost manufacturer for mass market products. So they specialize on precision manufacturing, ordinary items as bearings, which when used by industries would lessen their risk of frequent and very costly shutdowns. Thus they are willing to pay premium prices for them.
We are on the way for high-technology softwares and computer systems but we have the politically fragile rust belt that must be ameliorated against the reality that they are no longer competitive globally.
