I stopped by my dealer this weekend to discuss buying a few things and he informed me that Kubota is soon going to increase prices of new tractors by as much as 11% due to the rising cost of steel -- mostly on account of tariffs.
No tariffs on american steel.
Don***8217;t be fooled, the leadership is only looking to line their own pockets, not help the average men and women. All this tariffs is doing is taking money away from the average working class which already has too little to begin with. I suspect tractor and implement sales will start slowing down as people start to worry if increasing costs on all every day goods will take up the extra money that they might have had to spend on tractor related items. I am not saying that past leaders haven***8217;t slowly let our manufacturing industry go to pot, but this is not helping anything.I saw this coming....bought beforehand
Our country's leadership has allowed us to get to a point where someone with the guts to say enough is enough finally is elected to do so.
It might get tough for a while, but the other end of this ride will be sweet!
Will be bad now, but manufacturing has to come back to America and Trump is trying to do that! Best thing that happened was him getting elected! If we get fair trade then it will be better for all.Uh, true...but since tariffs were put in place American steel is a rare commodity, the mills can’t keep up with demand. This drives the price up. Way up.
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Excellent post.This is not me speaking, I copied it today.
"My brother in law is mid level exec at a large company. They made computer equipment for cars and their goods were subject to a 25% tariff if not made in China. A few years ago he was tasked with opening up a factory in China and manage it for a few years. At the last minute (after they sold their house) it fell through. This is what he told me. For the company to open a factory it had to be jointly owned with a Chinese company. The Chinese company would own more than 50% of the plant. All trade secrets needed to make the plant run would have to be given to the Chinese company.
When the company started to dig deeper into it they found out that what often happens is once the Chinese partner has access to your patents and trade secrets within a short period of time other Chinese companies start making the same goods the same way you make them for less. If you try to go to court to stop them the Chinese government pretty much says "no infringement" and dismisses the case no matter how blatant it is. Once that happens the other all Chinese companies suddenly get financial help from the government and in a matter of years you can't compete with them forcing the company to just buy from an all China owned plant. The conclusion was that it was a long term looser so they backed out of it.
China has over a billion people and it's government is going to do everything it can to keep them working. If that means a 25% tariff on US made cars then that's what they will do unless forced to stop. The fact that we only have a 2.5% tariff on Chinese made cars is our fault. Either we feel the short term pain and force China (and other countries) to play by the same rules as we make them play by to do business here or we will find ourselves selling raw goods to other countries while others produce the final product. It'll be hard to have a middle class if we don't stop this now. As it is automation is not far off and will change the landscape once again in some areas."