Tractors and (upcoming) tariffs?

[ning]

Inflation rate is an overall average of many things, not just groceries. Some things are obviously selling for a lot more than the average rate, while other things haven’t increased as much.

The buckets (5g) of gravel I bought the other day - only needed a little bit - were sold at the same price as when I bought buckets 10 years ago!
Ergo, there's no inflation.

*snicker*
(I suspect they pretty much don't care about the cost of buckets of gravel at the plant, they can't give it away for free so the $1 is a "uh... how about a dollar" price they chose once and such a minuscule quantity is sold that way that it doesn't make even a hundredth of a percent of difference to the bottom line)

 

[Citydude]

Have the tariffs been implemented yet?

 

[Muhammad]

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.

 

[Sawyer Rob]

I'm sure glad I already bought QUALITY built tractors and tools, and I've held onto them!

I've always run my life like things could get worse at any time, so IF they do, it won't bother me much.

I'm not worried at all.

SR

 

[newkiotiguy]

Good thing you all have the option to pack up and move out of the country. Good luck to you

 

[CloverKnollFarms]

I think the world will be fine. No government will make or break me.

 

[sunandsand]

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.

Muhammad, this is intended to be a strictly economic discussion. I have not and will not mention any names or political parties (other than Misters Hawley and Smoot who are long dead and I don't know or even care what their political affiliation was).

What I'm trying to do is let the crew here at TBN know that they may want to re-arrange the schedule for any anticipated equipment purchases, and to be aware of some of the downstream effects we may see from the possible tariffs.

Consider it like a weather report - if the weather report predicts rain, take an umbrella . . .

 

[Muhammad]

Yeah that's fine but I already deleted two posts. Any more political posts in this thread will result in the posting member being removed from this thread.

 

[2manyrocks]

20% on top of today's prices the way they've run up would be pretty painful. It does have me wondering if there are some items to buy now.

 

[Torvy]

While most of modern life is politics, our dear host has given us a place to exercise that aspect of our lives. Not here, though.

Economically, tariffs are almost always bad. Used judiciously, they could be used as a negotiating tool to gain other concessions from foreign powers. There is not much evidence that such use has ever been effective.

I doubt we will see the proposed tariffs.

The biggest issue with tariffs is that they do not provide consistent income. Hypothetically, if they worked as hoped, no tariffs would be collected as all goods would be produced here.

The pass through effect, while 100% valid, is moot if taken in the context of a replacement for income taxes. Regardless, tariffs are simply not practical as a primary funding source in our modern, global economy.