Forum Discussion
ajriding wrote:
I like that tariffs on china are causing manufacturing to leave the evil wicked china. These jobs will likely never go back. I dont care if they do not come to the US as much as glad china loses, and fine they go to other nations. That china loses money means their hostility to the West is less effective. China leadership is a truly evil empire (really only the Xi, but he is in charge). The chinese people are not helped when we empower an evil ruthless dictator.
China commits horrible, horrible humanitarian crimes.
Tariffs are not popular, but their real purpose might be to harm our enemy.
America can absorb any slight price increase.
Keep in mind this:
A 25% tariff does not mean a 25% price increase on the American consumer side. The tariff only taxes the import price, which is only a fraction of the final retail price. An item you pay $100 for in the store might cost the American importer only $10 to import, this is a $2.50 tariff tax, not a $25 tax. And that item might only be a small part of the finished product, so would be a smaller portion of the final price. Not a big deal.
Look at the tariff as a blow to Xi, not as a trade war.
China doesnt need US as much as you think
Their economy is booming as they expand all over the world into Europe Africa Russia and so on.
Look up Silk road China for example
China megaprojects
https://youtu.be/s3qma0pROi0
China makes friends while America makes enemies and wars,fact
China high speed rail,
https://youtu.be/0JDoll8OEFE
Btw
China has most bilionaires in the world,so much for Comunism failure eh
https://youtu.be/CSCmc6ezllUaftermath wrote:
Americans are a very interesting and quite complicated group. We wave the flag and chant, Buy American, but we turn out by the millions to support stores like Walmart who import the majority of their products from other nations, China being one of them. We are driven by low costs and will do anything to save a buck but, many of us will support the tariffs because somehow, magically, it will drive these wicked countries to their knees. At the same time the tariffs will increase costs to the consumers.
Keep in mind that a tariff is a self imposed tax on the consumer. How much will a 25% tariff cost you. The debate goes on and you have heard some of that here. I am not an economist but to say that a 25% tariff will only raise costs 2.5% is a bit of a stretch in my mind. The extent of this impact is yet to be felt because of available inventory but when that is gone, the new costs for the new goods will start to rise. The question is how much are you willing to pay?
Take a look at the soy bean farmers. A huge tariff placed by our country has dramatically hurt these people. The answer was for our government to come up with something like $12 billion for a bailout. A self imposed tax that will hurt all of us, farmers and tax payers alike.
So true
Problem with many Americans is they dont know their own history and how tarrifs are bad for economy,
Ronald Reagan on free trade
https://youtu.be/Tp1T7kPEdDY- As a free market libertarian, this bothers me a lot... but working for an international firm and doing business all over the globe bothers me that other countries are permitted to apply tariff's to our product and we have to just sit back and take it.
Another problem here, If you think a US mfg is suddenly going to sell their product for less money, you've been smoking too much of something. They will raise their price to match the importers price.
WRT the business owner forced to raise his prices... gotta love free market and options. I watched a local hardware business known for charging 50% more than the big box stores. He Lowered his prices some when home depot opened up 7ish miles away. Now that Menards is opened up 2 miles away, he's only a short period away from closing his doors... but he sure made a lot of money before they showed up. - Americans are a very interesting and quite complicated group. We wave the flag and chant, Buy American, but we turn out by the millions to support stores like Walmart who import the majority of their products from other nations, China being one of them. We are driven by low costs and will do anything to save a buck but, many of us will support the tariffs because somehow, magically, it will drive these wicked countries to their knees. At the same time the tariffs will increase costs to the consumers.
Keep in mind that a tariff is a self imposed tax on the consumer. How much will a 25% tariff cost you. The debate goes on and you have heard some of that here. I am not an economist but to say that a 25% tariff will only raise costs 2.5% is a bit of a stretch in my mind. The extent of this impact is yet to be felt because of available inventory but when that is gone, the new costs for the new goods will start to rise. The question is how much are you willing to pay?
Take a look at the soy bean farmers. A huge tariff placed by our country has dramatically hurt these people. The answer was for our government to come up with something like $12 billion for a bailout. A self imposed tax that will hurt all of us, farmers and tax payers alike. pianotuna wrote:
Back when dinosaurs roamed the earth and I graduated from college, getting a job that paid $20,000 a year was a dream position. Today, the drive thru cashier at Micky D's makes more than that. Merchants make their income from the profits on their sales. Their expenses will increase over time. The buying power of their income will decrease over time due to inflation. If they don't periodically increase their profits they will end up like those dinosaurs ... extinct.
Hi,
Did the item cost me $10? No. It cost me $12.50. If I operated as you suggest and did not mark up from my cost price I'd soon be out of business. Plus there may well be extra office work so in the real world I might have to mark up the item even more.
Now if I were selling costume jewelry, the mark up would be 10 X the cost price. So if an item cost $1, it would be sold for $10.00.schlep1967 wrote:
So as a small business owner you are not only passing along your increased costs, you are profiting 100% from the increased costs. Your price should be $20.00 + $2.50 = $22.50. What is the other $2.50 for? Pure greed.- Hi Tyler,
As a matter of fact, I did purchase my RV locally, and as an added bonus it was created in the country in which I reside. It was imported from USA and turned into an RV in Alberta.
I see tariffs as a bad thing. Apparently Whirlpool may agree as the cost of the steel they are using has increased dramatically. Whirlpool expects about $300 million more in expenses due to higher import duty on raw materials (such as steel) used in its appliances,” Reuters reported. With higher costs and less demand for its products, Whirlpool has cut production, adversely affecting its employees. March 11, 2019
https://www.dailysignal.com/2019/03/11/whirlpool-advocated-for-tariffs-on-washers-now-its-going-through-the-wringers/ - Hi,
Did the item cost me $10? No. It cost me $12.50. If I operated as you suggest and did not mark up from my cost price I'd soon be out of business. Plus there may well be extra office work so in the real world I might have to mark up the item even more.
Now if I were selling costume jewelry, the mark up would be 10 X the cost price. So if an item cost $1, it would be sold for $10.00.schlep1967 wrote:
So as a small business owner you are not only passing along your increased costs, you are profiting 100% from the increased costs. Your price should be $20.00 + $2.50 = $22.50. What is the other $2.50 for? Pure greed. - Woohoo! RV experts and accounting experts!!
On a better note, the AreVee is all loaded up for 10days vacation leaving tonight!
1st time out of the garage this year!!
And the last, boooo. - Gee, AJ, tell us what you really think....don't sugar coat it.
DallasSteve wrote:
I saw the same story this morning and I thought about starting a thread like this one. I'm actually hoping for a big recession soon. Sorry about that. It would probably help me since I am retired and planning to buy an RV next year. I'm not working so losing my job is not a worry and RV prices would probably be cut - simple economics. Too much supply, not enough demand. It would also probably reduce the number of RV park visitors and drop those prices...
so you’re hoping millions of your fellow citizens lose their jobs, see their investments melt away and see their own retirement delayed or possibly eliminated..all so you can buy an RV. wow.
