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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
i mean it makes sense that there's an immediate effect like that.
if the competitors go away then the local industries have to hire.
the issue is that the consumers are going to be paying more now for years.
A 25% tariff on goods reflects a 0.2% increase in price for most consumption based goods for US consumers.
I believe you wrote in a material typo here, the summary for that article says:
Quote:
For example, if an across-the-board 25% tariff is fully passed through to finished goods, near-term price increases are estimated to be about 9.5% for investment goods and 2.2% for consumption goods.
Are you guys so anti-Libtard that you're now defending tariffs because people like me are saying that they're bad?
Tariffs can have a significant impact on prices of consumer and investment goods. Our estimates in this Letter suggest that their impact on equipment prices is likely to be much larger than their impact on consumer prices. Estimates imply that, if completely passed through to finished goods, an across-the-board 25% tariff raises investment prices 9.5%, compared with 2.2% for consumer prices. The former can have important implications for businesses’ investment decisions through an increased cost of capital expenditure.
I’m saying, these tariffs are here to stay. They aren’t as detrimental to the average consumer as you’d think, and as a whole, they are beneficial for the US, and have been across numerous regimes Trump wasn’t even close to the beginning of these. So there’s no reason to believe Canada will get anything but a bad deal out of this.
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Dank memes cant melt steel beams
I’m saying, these tariffs are here to stay. They aren’t as detrimental to the average consumer as you’d think, and as a whole, they are beneficial for the US, and have been across numerous regimes Trump wasn’t even close to the beginning of these. So there’s no reason to believe Canada will get anything but a bad deal out of this.
How exactly are tariffs beneficial to Americans on the whole? Either they pay more for goods coming from other countries or they onshore production of a good and end up having to pay more for American labour and materials.
There is no substitute for goods like potash, steel or aluminium, oil, gas, and a whole host of foundational resources that that the US can produce. A global tariff on potash doesn't mean the US starts producing potash b/c they simply don't have it so the alternative is the price of food goes up or food production goes down - farmers will lose their farms (and farms will shut down). The US doesn't have the facilities to process their own crude oil and oil companies have said they have no interest in converting their facilities to process US crude domestically - to get them to do it will require sky high tariffs. The same for steel and aluminium - the tariffs required to actually move production need to be sky high. Good luck paying for $300 Nikes made in the US versus the $100 ones from Vietnam.
The US can't start growing bananas or making microchips domestically either - they lack the geography for the former and the skills and supply chain for the latter.
Countries will engage in selective short term protectionist policies to build up a new industry (like China does) but blanket tariffs do nothing but bad things to an economy.
trump says they dont need our lumber they have plenty of lumber.
trump is starting to reduce environmental safeguards for their national forests.
seems like a bad deal for americans... more expensive building supplies and less protection for their national forests.
Tariffs are just hidden taxes. People think they’re getting a break with tax credits, but don’t realize prices quietly go up to offset them. You're basically being duped into thinking you're saving money, while actually paying more.
Tariffs are just hidden taxes. People think they’re getting a break with tax credits, but don’t realize prices quietly go up to offset them. You're basically being duped into thinking you're saving money, while actually paying more.
It depends...the importer chooses how much of the tariff they pass on. They could just absorb it or pass it partially along to maintain prices depending on elasticity.
Tariffs are bad business no matter who implements them - you're preventing consumers (both retail and wholesale) from being the most competitive. I don't care who applies them.
If we didn't tariff EVs say from China, we would have been flooded with $30000 EV cars.
Crap or not, it would trash our market in automobile industry (esp if China subsidizes heavily)
Take it with a grain of salt, i'm really not that involved or know how it all works.
It depends...the importer chooses how much of the tariff they pass on. They could just absorb it or pass it partially along to maintain prices depending on elasticity.
Why the fck would anyone want to absorb it? Would you be willing to take a pay cut? If my cost for goods goes up I am a 100% going to pass it on to the customer. Why didn't gas companies absorb the carbon tax?
__________________ Until the lions have their own historians, the history of the hunt will always glorify the hunter.
Why the fck would anyone want to absorb it? Would you be willing to take a pay cut? If my cost for goods goes up I am a 100% going to pass it on to the customer. Why didn't gas companies absorb the carbon tax?
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Originally Posted by Hondaracer
GM, BMW, etc. all absorbed it to maintain brand loyalty.
This is only slightly true.
Because of the unpredictability of how tariffs have been applied (and difficulty in figuring out what is tariff'd) so far some companies are choosing to eat the cost short term as they can't be raising and lowering prices every few weeks. At one point BMW did announce that orders past date X would have tariffs included and if you read the Porsche forums buyers are being told that they will have to pick up tariff costs.
For NA produced cars, the difficulty of tracking what is tariff'd is really high b/c parts are not tagged as Canadian, Mexican or American produced so a whole new system need to be built to track parts by nationality in order to properly charge tariffs. Automakers are trying to figure things out as they go along and are just eating the costs for the time being till they figure it out partly on the presumption that the tariffs will be turned off at some point (cause no one could be this stupid right?)
For some goods, tariffs haven't all filtered through into the system yet - farmers aren't yet buying potash that's tariff'd yet but they are planning their planting season based on the expected higher costs. We'll see the impact in 1-2 years as the goods they farm will be fewer in volume (like how we see high beef prices now b/c we grew less cows during the COVID years).
For other goods, there's still stock in the system that isn't tariff'd - it'll take months before we see the real impact of tariffs in those areas.
Eventually most, if not all, tariff costs will trickle into the system - this isn't an overnight change especially as the US keeps backing down on things.
Ford Motor is hiking prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald Trump’s tariffs.
Prices on the Mustang Mach-E electric SUV, Maverick pickup and Bronco Sport will increase by as much as US$2,000 on some models, according to a notice sent to dealers reviewed by Reuters.
__________________ Until the lions have their own historians, the history of the hunt will always glorify the hunter.
In other news JT was seen on a date with an Astronaut.
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Originally Posted by Manic!
Katy Perry [/SPOILER]
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Originally Posted by westopher
The whole world has gone down a road no one can recover from, and it's nothing to do with governments, it's because so much of the general public is so fucking stupid.
when my suppliers raise their prices i don't make announcements and raise my prices.... right away....
so you can kind of say i absorb them in the short term.
eventually i find areas to raise prices to make up for the general increase in expenses.
you get creative or you find certain areas that you were probably underpricing and increase those, that way if a customer asks you can more easily justify things.
customers rarely ask though, they mostly just accept price increases. as long as we're busy then i don't think we're overpriced.
Money isn't real and the entire economy runs on vibes.
The average 9-5 worker is well-fed, entertained, feels safe, barely reproducing and are politically aligned red or blue. This is ideal. Life is generally soooooooooo easy if you just obey.
The system won!
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Currently in exile
4th novel coming out soon
Might move back to Vancouver
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