Tractors and (upcoming) tariffs?

[2manyrocks]

Well they would IF they were smart . . . ;-)

TBN brain trust….

 

[chim]

I'm not going to get too upset right now. The outcome - and even the assumed tariffs - are yet to be determined. As with any government exercise there are likely many important details on Page# 3024

 

[Denali94]

1st amendment.

The First Amendment does not apply to private ventures such as this forum. It applies only to the government restricting your speech.

 

[rScotty]

Jobs, wages, and the inflatiion have gotten out of balance before. The impression I have from people who lived in previous economic hard times is people economized by building, fixing, and entertaining themselves because they had no other choice.

Self-reliance reduced demand for new goods, and an improved economy resulted.

Being more self-sufficient seems to have worked before. Will that happen again?
It's a solution that doesn't depend on governments. Increased self-reliance is free to anyone.

It seems almost too simple, but what other solution is so available to so many?

rScotty

 

[homey53]

Have you considered that your taxes may be lower which could offset those increased costs? Part of the reason for collecting tarriffs in the first place is to lower taxes to individuals and corporations.

Key word is MAY. Let us know when your's go down.

 

[caleb90]

Go ahead and post a thread about politics that you think fits my "narrative" and see what happens. Then you won't have to wonder anymore.

I best look out

 

[bvanek]

Reciprocal trade with our trading partners...This is just common sense.

Global marketing has grown to the point that it has left domestic fiscal responsibility mortgaged. (kind where we are at now). Tariffs can be used as a bargaining chip that puts our domestic market in a more competitive environment that supports local investment. This is a good thing for American citizens. We are the worlds largest consumer market and all these countries are quite aware of how much money they can be made off of USA consumption. Yes, we are quite gluttonous for cheap goods but not too frugal when longevity and fiscal responsibility is calculated.

Deficit spending puts a country on welfare and without GDP growth simply mortgages the future. Most successful economies have built in inflation but need to be controlled through less spending and GDP growth. (without printing money and flooding the market with inflationary dollars) This just makes it worse.

This was started as a tractor discussion concern on tariffs?.......Smart businessmen seem to indicate that a more competitive domestic market is a good thing and they will invest accordingly. Some unreasonable regulations will be lifted as part of the package. Pretty sure they see the value of a new direction and how local competition will help keep pricing in line with imported products......if you make a product here, produce the parts, and provide the service locally, all of us that own tractors will be a lot better off. Many of us tend to be as self-sufficient as possible so that helps.

add;...We are in a deep funk right now, so concerns are real. What caused the funk? battle it out folks but political policies played a huge role...

Pretty easy to assume this won't happen over night, so get your machines in tune, do routine maintenance, and realize that most tariffs will likely not happen. Chinese tariffs are still in place. The bulk of these tariffs were in place before 2020, yet inflation only began accelerating in March 2021. Clearly, inflation was driven by many sources besides tariffs..... and no one is interested in removing them so maybe they have already proven to have some merit?

 

[jyoutz]

Reciprocal trade with our trading partners...This is just common sense.

Global marketing has grown to the point that it has left domestic fiscal responsibility mortgaged. (kind where we are at now). Tariffs can be used as a bargaining chip that puts our domestic market in a more competitive environment that supports local investment. This is a good thing for American citizens. We are the worlds largest consumer market and all these countries are quite aware of how much money they can be made off of USA consumption. Yes, we are quite gluttonous for cheap goods but not too frugal when longevity and fiscal responsibility is calculated.

Deficit spending puts a country on welfare and without GDP growth simply mortgages the future. Most successful economies have built in inflation but need to be controlled through less spending and GDP growth. (without printing money and flooding the market with inflationary dollars) This just makes it worse.

This was started as a tractor discussion concern on tariffs?.......Smart businessmen seem to indicate that a more competitive domestic market is a good thing and they will invest accordingly. Some unreasonable regulations will be lifted as part of the package. Pretty sure they see the value of a new direction and how local competition will help keep pricing in line with imported products......if you make a product here, produce the parts, and provide the service locally, all of us that own tractors will be a lot better off. Many of us tend to be as self-sufficient as possible so that helps.

add;...We are in a deep funk right now, so concerns are real. What caused the funk? battle it out folks but political policies played a huge role...

Pretty easy to assume this won't happen over night, so get your machines in tune, do routine maintenance, and realize that most tariffs will likely not happen. Chinese tariffs are still in place. The bulk of these tariffs were in place before 2020, yet inflation only began accelerating in March 2021. Clearly, inflation was driven by many sources besides tariffs..... and no one is interested in removing them so maybe they have already proven to have some merit?

North American manufacturing has become intertwined between U.S., Canada and Mexico. Products and components may come from all three countries and assembly in either of the countries. Manufacturing is now “North American”, not fully in one country (for many products) and Canada/Mexico collectively are the U.S. largest trade partners. Tariffs for Asian countries are a different story. It make no sense to tariff trade within North America and there will be considerable unforeseen economic consequences if this occurs. Not a great time to be heavily invested in stocks.

 

[POGuy]

That is precisely why the steel tariffs failed to increase U.S. production. The intent was that tariffs would allow U.S. companies to increase production and market share. Instead they raised prices because they could, and didn’t gain additional market share. The tariffs only accomplished price increases overall.

Tariffs are usually, in comparison, very short lived so trying to bring production back to the U.S. is pretty dicey as the cost to re-build, re-tool would be super expensive when that market could be pulled out from under you at anytime when then the politics are resolved. I just don't ever see a situation where those jobs and products come back home.