Tractors and (upcoming) tariffs?

[jyoutz]

I'm struggling to find another tool at our disposal to affect outcomes? Nation states have done this effectively for decades.

How about simply offering tax waivers to companies that build new manufacturing in the country?

 

[CloverKnollFarms]

I'm struggling to find another tool at our disposal to affect outcomes? Nation states have done this effectively for decades.

You just act nice, and everyone respects that so much, they do what is in the best interest of YOUR people

Or so I've heard.

 

[CloverKnollFarms]

If that imported Chinese honey gets more expensive... I can sell mine for more, right? Win.

 

[jyoutz]

If that imported Chinese honey gates more expensive... I can sell mine for more, right? Win.

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.

 

[LouNY]

Tariffs and import duties are common worldwide. Much as many country's do not allow foreign ownership of real property. I have absolutely no problem applying tariffs to protect American produced goods by American companies. Multi national corporations can go to hell.

 

[RayIN]

If that imported Chinese honey gates more expensive... I can sell mine for more, right? Win.

Yup; that's what happens in a free economy.
Workers demand a pay raise, as a consequence their employer must raise the price of his goods. It's an endless cycle.
This thread is about tariffs on off-shore goods to supposedly get back to a level playing field for U.S.A. businesses. I sure hope it works.
I'm wondering how it will effect Massey Ferguson; they build tractors in 7 countries-depending on models, including the U.S.A.

BTW, I buy honey from a local producer. That's the only way to benefit from eating honey to combat allergies, plus it supports local business owners.

 

[sunandsand]

"depends on who is printing the news that day"

Oh boy, is that ever true!!!!

There's a website (adfontesmedia.com) which evaluates news sources for right/neutral/left viewpoints and reliability, as in accurate, editorializes, downright wacko. They make a graph showing this, and it is pretty interesting. It is mostly US sources, but BBC is on it also.

Always a good idea to check sources. Some of it is quite eye-opening. Some sources we might think are wacko may turn out to be surprisingly reliable, and some we think are good turn out to be disinformation.

I do remember when RT first came on the air. It was then "Russia Today" (we weren't their enemies back then) and it was well done and "seemed" pretty accurate. Then it became "RT" and drifted very much towards propaganda.

The Chancellor of a local college here warned that RT had become a propaganda channel and wanted it taken off the college's TV channel, and they fired him as "an opponent of free speech".

I've met a few students at that school who thought highly of RT (they hadn't developed critical thinking skills yet), and I suggested that showing RT was fine as long as it contained a warning label - "Contents are biased pro-Russia and may be hazardous to your mental health" but they didn't want to do it.

Eventually, RT was simply dropped off the news feeds, and that was that.

Best Regards,
Mike/Florida

 

[RayIN]

How about simply offering tax waivers to companies that build new manufacturing in the country?

That has been states and local government standard practice for the past 50 years at least.

 

[jyoutz]

That has been states and local government standard practice for the past 50 years at least.

Yep, and it could be a federal tax incentive as well.

 

[hayden]

I think the tariffs the last time around were a significant factor in the huge inflation we saw over the past several years. If you increase cost of good by 20% on the vast majority of products sold in the US, that will eventually get marked up with manufacturer's margin plus distribution and dealer margin, resulting in a 30-50% increase once it gets to retail. Even more for high margin products. As the OP said, it's economics. Now it will happen again. And bringing jobs back is never going to happen because that would increase prices even more. They all got moved off shore in the first place to satisfy consumer demand for low prices, and investor demand for ever improving corporate earnings. We all got what we wanted, except for those who lost jobs and didn't take up other, likely more lucrative employment. But hey, this is what the country said we wanted, both long term re low prices and corporate earnings, and now with respect to tariffs. Be careful what you ask for, 'cause we are going to get it....