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
RTCastillo wrote:
That's what they said about coal that even insiders in the industry is now saying it's dying and quickly.
If you are in an industry that needs tariff protection or price increase to be competitive, maybe they deserve to die or be replaced by competition.
As it was said here before, global supply chain is already inter-connected.
"Tariff Protection" is one thing. "Tariffs in response to unfair trade practices" is another thing. If you've ever played monopoly, in the early and middle of the game, it seems fairly even but as one or two players start to develop monopolies, it quickly tilts in their favor. China has been playing monopoly for the last 30yrs by subsidizing and making it difficult to compete if your country isn't subsidizing you. We've let it go on for too long.
Coal has some similarities but significant differences. China isn't involved. This is about regulations put in place to intentionally kill it off. While the current administration has attempted to roll some of those back, they can't roll them back entirely in a short time. More importantly a new coal fired plant is a 40-50 year commitment. At most the current administration will have another 6yrs and industry knows the left wants to outlaw coal, so they are not going to commit to large scale implementation of a system that could be outlawed in 5-10yrs. Then you have solar/wind which benefits from regulations that allow it to undercut traditional power production. A coal fired plant is designed to operate 24/7. With net metering and guaranteed pricing, solar/wind get full price for whatever and whenever they produce. This then comes at a cost to the coal fired plant which must be kept operating in the background to pick up the slack when solar/wind fail to produce. The result is the ongoing maintenance costs are little changed for a coal plant but the KWH sold goes down substantially making it look less financially viable on the surface but once you look past the surface, you see that coal is subsidizing solar/wind.
