Steel prices - Yikes!

[TractorGuy]

Price gouging and deceptive advertising is the American way.

I was looking at prices on the Chinese mower I bought 2 years ago. The very day the steel tarrifs went into effect the price went up $300. As much as I like the store that sells them I can't see how they justify raising the price that high on existing stock.

 

[Jchonline]

When your "allies" continually rob you but expect you to give them the deals that benefit them but screw you, they show their true colors. I spent a considerable amount of time overseas listening to our "allies" continually bash the U.S. while enjoying our military protection and financial resources on a daily basis. It's about time they learned we're not going to continue giving handouts and paying the bills they incur. Kind of like a kid who wants everything but doesn't want to work for anything.

Agree. I also agree with others that we cant tariff raw steel imports without also trying to equalize final product imports. We have to do both or it doesn稚 work. It would be nice to get back to a place where we dont make “disposable” products. Where we pay more for something, but it lasts much much longer.

My other big picture hope is that we increase domestic steel manufacturing capabilities to not only meet demand, but also spur economic growth.

 

[sea2summit]

The big picture is to be better to your allies than your enemies (not the other way around).

China is not if that痴 what you mean.

 

[The Fred]

When your "allies" continually rob you but expect you to give them the deals that benefit them but screw you, they show their true colors. I spent a considerable amount of time overseas listening to our "allies" continually bash the U.S. while enjoying our military protection and financial resources on a daily basis. It's about time they learned we're not going to continue giving handouts and paying the bills they incur. Kind of like a kid who wants everything but doesn't want to work for anything.

Where is the thank-you button.

THANK-YOU for your proper response and thank-you for your service.

Regards, Fred

 

[Snobdds]

Predatory pricing. There is no mathematical explanation for a 50-70% increase.

The suppliers are shooting off their nose to spite their face. It will catch up with them and they will be forced to lower prices when demand dries up at these prices.

 

[Ritothebull]

If we had leaders in this country that dealt with these issues 30 years ago we wouldn't be having to deal with such huge problems now.

 

[houstonscott]

If we had leaders in this country that dealt with these issues 30 years ago we wouldn't be having to deal with such huge problems now.

Well, that’s changed drastically with the election of President Trump.

 

[Snobdds]

If we want to continue to be the leaders of the free world, we have to get our financial trade house in order. It would have been death by a million pricks.

The people screaming the most are only looking through the short term view prizm. Trade is a long term and should be viewed as such...

 

[Ortimber]

I own a machine shop geared for making aerospace parts.

The price increases we are seeing are hurting the little guy (me).

Our margins are already thin, and adding the new cost of raw material is making it more difficult to compete. Among the other challenges such as insurance costs and skilled labor shortages, we have a lot on our plate to contend with.

No one said this was going to be easy!

 

[CincyFlyer]

Even with the tarriffs it shouldn't jump 50 - 70%, simply price gouging I would say.

If people will pay the higher price, it's merely free market economics, not gouging. In fact, there's never a case for using "gouging"; you can simply not pay.