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Forum topic by MrRon posted 06-23-2018 11:18 PM 2045 views 0 times favorited 83 replies Add to Favorites Watch
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MrRon

4992 posts in 3364 days


06-23-2018 11:18 PM

This is not intended to be a controversial, or confrontational post. Please don’t turn it into one.

I wonder what will be the impact of the China tariffs on our tools. Will Harbor Freight products suddenly sky rocket in price? Will tariffs on steel and aluminum mean a big increase in the cost of our tools? It is not something I want to see happen, but if it is good for our nation, I’ll go along with it. I’m sure in the bigger picture, things will stabilize across the board so that we as consumers won’t hurt too badly. It may even be a big benefit to certain industries, the seafood industry for example…... Fishermen in this country catch and export our best seafood to other countries, resulting in high prices to the consumer. With a high tariff imposed on those countries, seafood will become over-abundant due to retaliation by that country, resulting in lower prices here. I can’t justify $20 a pound for a prized fish like halibut or swordfish. It could come down to a consumer affordable level. I don’t know if this would be true of tools, but who knows?


83 replies so far

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AlaskaGuy

4371 posts in 2430 days


#1 posted 06-24-2018 12:39 AM

Deleted

-- Alaskan's for Global warming!

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AlaskaGuy

4371 posts in 2430 days


#2 posted 06-24-2018 12:41 AM



This is not intended to be a controversial, or confrontational post. Please don t turn it into one.

- MrRon


You know exactly how this will turn out. This country has been thought tariff wars before. Your old enough to know how that works too.

-- Alaskan's for Global warming!

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ArtMann

1046 posts in 937 days


#3 posted 06-24-2018 12:44 AM

The subject matter is inherently political and controversial. There is nothing to discuss if we don’t delve into the political aspects of the decision.

View Woodknack's profile

Woodknack

12340 posts in 2500 days


#4 posted 06-24-2018 01:01 AM

Long overdue. I’m no fan of the current administration but I give credit when it’s due. The status quo was good for businessmen but bad for the country.

-- Rick M, http://thewoodknack.blogspot.com/

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Mr_Pink

123 posts in 492 days


#5 posted 06-24-2018 01:26 AM

There’s simply no way that consumers will not suffer under these tariffs. You might see some industries that are cut off from foreign markets lowering domestic prices temporarily (as they also lower output), but overall prices will go up.

We should all hope that the administration wins concessions from China that convinces the President to change course.

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BroncoBrian

756 posts in 2079 days


#6 posted 06-24-2018 01:34 AM

Good question Ron.

If you have not done so, there are some great podcasts from Planet Money on the Trade War which are worth listening to. Also from Freakonomics. I love that nerdy stuff.

In short, no one wins in a trade war. The good news is that while some good becomes more expensive (reasonable % usually), others become less. I would not worry about it much. Unless you think you need to wait to buy a bunch of steel good a few weeks after a tariff is in place.

I notice a lot of complaining about tools being made in Asia on this site. They have factories that are pretty high-tech over there. Maybe new is different than old, but my iPhone is pretty cool and it was not made in Ohio. One benefit of a trade war is that it may become more reasonable to make certain tools here in the USA. Don’t count on that though, the next President will be cheered for undoing the madness in a couple years.

There is always a different opportunity in each market or with each administration. People who recognize them usually do well in any government.

I appreciate you Ron. Good question and no reason that cannot stay civil.

-- I'd like to see a forklift lift a crate of forks. It'd be so damn literal!

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corelz125

512 posts in 1097 days


#7 posted 06-24-2018 01:43 AM

They say the price of beer will go up. Now thats just a low blow.

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ArtMann

1046 posts in 937 days


#8 posted 06-24-2018 01:45 AM

My opinion is that the status quo won’t change much. US manufacturers can’t compete, even with a 25% artificial advantage. The only effect it will really have is to raise government revenue at the expense of people who want to buy equipment. We, as a nation, need to do some soul searching as to why we can’t compete with the rest of the world and solve that problem instead.

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Rick S.

10313 posts in 3153 days


#9 posted 06-24-2018 02:42 AM



My opinion is that the status quo won t change much. US manufacturers can t compete, even with a 25% artificial advantage. The only effect it will really have is to raise government revenue at the expense of people who want to buy equipment. We, as a nation, need to do some soul searching as to why we can t compete with the rest of the world and solve that problem instead.

- ArtMann

AGREE!!

Rick

-- It is not necessary for Some People to turn OFF the LIGHT to be IN the DARK!

View AHuxley's profile

AHuxley

754 posts in 3442 days


#10 posted 06-24-2018 03:51 AM


I wonder what will be the impact of the China tariffs on our tools.
- MrRon

Well, most Chinese made Grizzly woodworking machines go up a straight 25% on July 6th, including any backorders where the machines are not in the US by the 6th. So the answer to your question seems to be a SIGNIFICANT price increase.

View Aj2's profile

Aj2

1662 posts in 1918 days


#11 posted 06-24-2018 03:59 AM

It will be good for the environment too much stuff sold is useless junk and is just filling up our landfills. Even 4th of July decorations are made in China.
It’s just out of control. Long over due

-- Aj

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woodbutcherbynight

5545 posts in 2529 days


#12 posted 06-24-2018 04:38 AM



They say the price of beer will go up. Now thats just a low blow.

- corelz125

Price of quality Vodka unaffected.
(quality Vodka is defined as you cannot read the bottle because it is in Cryllic and is made from potato mash) = IMHO

LOL

-- Live to tell the stories, they sound better that way.

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Woodknack

12340 posts in 2500 days


#13 posted 06-24-2018 04:46 AM

I drink bourbon so they can hike vodka all they want, lol.

-- Rick M, http://thewoodknack.blogspot.com/

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woodbutcherbynight

5545 posts in 2529 days


#14 posted 06-24-2018 04:54 AM

Guess I need to get my WEN drill press this week. Rumor has it they are hiking the price.

-- Live to tell the stories, they sound better that way.

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woodbutcherbynight

5545 posts in 2529 days


#15 posted 06-24-2018 04:55 AM



I drink bourbon so they can hike vodka all they want, lol.

- Woodknack

ROFL, read that a bourbon warehouse collapsed. Price hike???

-- Live to tell the stories, they sound better that way.

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