Tractors and (upcoming) tariffs?

[wolc123]

The tariffs may add some fixed costs to tractors, but that cost will most likely be far less than the decrease resulting from the restoration of American energy independence.

We should be seeing the price of oil drop back below $ 40 per barrel by June, 2025 after the pipelines thru Canada are reopened and drilling is resumed on Federal lands. That will more than cut fuel costs in half, saving much on transportation.

 

[Tractorable]

Most tractor manufacturers assemble their tractors in the USA. I don’t know where the line is drawn on what’s an import and what’s not, but they may do this as a way to circumvent potential tariff wars.

 

[sunandsand]

Most tractor manufacturers assemble their tractors in the USA. I don’t know where the line is drawn on what’s an import and what’s not, but they may do this as a way to circumvent potential tariff wars.

Excellent point.

I think current tariffs apply to various components and not others. Batteries come to mind - some electric cars are eligible for rebates and some are not, depending on where the battery is made.

There can also be ways around tariffs by identifying things differently. Years ago I got into a "discussion" with US Customs about leather steering wheel covers. The UK exporter declared them as "leather gloves" (because that's what they call them in Merry England), and Customs was going to charge a 60% duty, because that's what the duty on leather gloves was at the time.

Trying to keep all my profit from slipping away, I said, no, these are steering wheel covers for cars, open a box and you will see that they are actually auto parts, with only a 2% duty. Only the Brits call them gloves, and they drive on the wrong side of the road anyway. (Appeal to patriotism.)

They eventually agreed with me and only charged the 2% auto parts duty. I guess I have an honest face . . .

Best Regards,
Mike/Florida

 

[FullMetalBucket]

I didn’t hear it was from all imported stuff. I hope that the tariffs would not include stuff imported from our allies. For instance I went with TYM for a scut for what ever reasons and don’t mind S. Korea getting a little of that cash because they are an ally. It benefits both parties.

 

[MapleLeafFarmer]

so far all navel gazing / academic as who knows what will ACTUALLY be done by our leaders.

The announcement today also indicated tarriffs would be imposed...... "..unless those countries curb the flow of drugs and migrants across their borders".

so no tariffs imposed just an opening salvo fired across the bow as a start of a negotiating process.

I think there is a lot of stuff that should/needs to be negotiated. Across the board tariff creates tit-for-tat that i not supportive of thats for sure.

Cheers

 

[jyoutz]

The tariffs may add some fixed costs to tractors, but that cost will most likely be far less than the decrease resulting from the restoration of American energy independence.

We should be seeing the price of oil drop back below $ 40 per barrel by June, 2025 after the pipelines thru Canada are reopened and drilling is resumed on Federal lands. That will more than cut fuel costs in half, saving much on transportation.

Wow. Restoring American oil independence? The U.S. has never been energy independent. We are producing more oil and gas today than 5+ years ago. In fact more than ever before and we’re still not energy independent. Federal lands permits are a bogus issue. Most of the high producing oil fields are on state and private lands, not federal. NM and Alaska are the primary states that have significant oil on federal lands, along with the offshore areas in the Gulf of Mexico. Almost all federal lands in NM oil fields have already been leased for years. Alaska has a significant amount of oil on federal lands in the Arctic, but so far there’s not much industry interest in operating in the Arctic because it’s extremely expensive to operate there.

 

[AnotherBueller]

Most tractor manufacturers assemble their tractors in the USA. I don’t know where the line is drawn on what’s an import and what’s not, but they may do this as a way to circumvent potential tariff wars.

Called planing ahead or what if X happens.

 

[newbury]

It appears we are soon going to have tariffs of 20%

Why the discussion of 20% tariffs? Looks like Canada and Mexico might get 25%, China 10%.

The president-elect said he would sign an executive order immediately after his inauguration introducing a 25% tariff on all goods coming from Mexico and Canada and a 10% tariff on goods from China.

link

What does this mean for us here at TBN?

It means look into your planned purchases of imports for the next 4 years and stock up now if you can. Don't worry.
It will be trickle down economics, and those of us that get trickled on are known as peons.
So - Will you need any of those Chinese mini-ex's? Solar panels? Light fixtures?

 

[caleb90]

If you want to discuss tariffs that's fine but leave politics out of it. Any mention of political parties or specific politicians will be removed per forum rules.

1st amendment.

 

[mrmikey]

What ever happened to 'free trade'? I've never seen it yet when comparing prices from the US to Canadian prices. I admit I'm far from financially astute, what am I missing?