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re: No, there are no tariffs — all you have to do is build your plant in the United States
Posted on 10/15/24 at 10:52 pm to BCreed1
Posted on 10/15/24 at 10:52 pm to BCreed1
quote:
The cost of washing machines did not soar.
But the quality has gone to hell.
Increased labor costs paid for with cheaper inferior materials
1
Posted on 10/15/24 at 11:29 pm to VolSquatch
quote:
It really just depends on how far he actually ends up going. I think saying publicly that you're going to use a sledgehammer approach is good for a soundbite, but when we get down to business he will have a scalpel (or at least a smaller hammer).
Hmm, I wonder if we have any evidence of what Trump’s economic policy would be? I wonder if we have any precedent, specifically, about how he would use tariffs?
If only he had been in charge for say, four years or so, so we could have an idea of how he would implement the scary tariffs.
Oh … wait.
Posted on 10/16/24 at 1:54 am to LSUFanHouston
quote:
It will help American jobs, but it will mean more people spend more money on those American goods. In the long run this is good,but in the short run life is going to get very expensive.
Wages will grow with the net GDP growth from more USA-based production
Posted on 10/16/24 at 6:22 am to boomtown143
1.) Plenty of items are produced at a manufacturing facility overseas that co-mans tons of random shite. The business owners don’t actually OWN any manufacturing facilities. Building a new plant in the US isn’t an option and new construction takes years.
2.) Manufacturing in the US is a shite show right now. I have 3 US plants in my day job and the constant right now is lack of talented, reliable labor. Turnover is ridiculously high, drug abuse a huge issue, and quality suffers due to both.
Since COVID, people jump from plant to plant in a local area. Started with covid sign on bonuses and has just perpetuated. We can pay well over $25/hr for zombie entry level line work and never get fully staffed.
We need more automation and more societal responsibility to become a great manufacturing nation again.
2.) Manufacturing in the US is a shite show right now. I have 3 US plants in my day job and the constant right now is lack of talented, reliable labor. Turnover is ridiculously high, drug abuse a huge issue, and quality suffers due to both.
Since COVID, people jump from plant to plant in a local area. Started with covid sign on bonuses and has just perpetuated. We can pay well over $25/hr for zombie entry level line work and never get fully staffed.
We need more automation and more societal responsibility to become a great manufacturing nation again.
Posted on 10/16/24 at 6:45 am to Art Blakey
quote:
If Trump would say all that I would not only take him seriously, I would support it. China loses, the jackals in Washington and Wall St lose, America wins. That's playbook. That's the only way to reshore without involving bottled unicorn farts and pixie dust. Trump being termed out means he is the only one who could pull it off politically.
If Wall St loses a ton of Americans do too. Don’t be stupid. Pensions and 401ks would blow up.
This post was edited on 10/16/24 at 6:48 am
Posted on 10/16/24 at 7:28 am to elposter
At least some of his tariffs are still in tact. He obviously means to go further this time. No need to be a smartass, especially when you're wrong in your premise anyway
Posted on 10/16/24 at 9:41 am to LSUFanHouston
quote:
quote:
The cost of washing machines did not soar.
But the quality has gone to hell.
Except for it hasn't. Typically a washing machine lasts 10-13 years. Top-loading washers typically last a few years longer than their front-loading brethren.
Posted on 10/16/24 at 9:46 am to LSUShock
Don't care what sector you work for. What you just described did not happen under Trump's tariffs.
Posted on 10/16/24 at 10:37 am to slackster
If Wall St loses a ton of Americans do too. Don’t be stupid. Pensions and 401ks would blow up.
Dude, we’re running 2T deficits. The bond market is already dead. It just doesn’t know it yet. Cash flow positive equities will be fine. We have to reshore. It’s going to be painful. Get it over with.
Dude, we’re running 2T deficits. The bond market is already dead. It just doesn’t know it yet. Cash flow positive equities will be fine. We have to reshore. It’s going to be painful. Get it over with.
Posted on 10/16/24 at 11:29 am to BCreed1
quote:
Don't care what sector you work for. What you just described did not happen under Trump's tariffs.
What?
Which one of those sectors do you work in? What do you do within that sector?
It's often easy to see who knows the least about the global supply chain when these discussions occur.
The US business owner who's duty and tax bill on a $500k commercial invoice went from $11,500 to $136,500 per Purchase Order would beg to differ.
Who do you think covered that delta?
It most certainly wasn't China.
This post was edited on 10/16/24 at 11:34 am
Posted on 10/16/24 at 1:12 pm to LSUShock
quote:
Which one of those sectors do you work in? What do you do within that sector?
Bcreed knows washing machines. So does jjdoc.
Posted on 10/16/24 at 2:19 pm to JohnnyKilroy
quote:
Maga: frick all organized labor, they are a cancer that only serves to raise prices on consumers because they are overpaid.
Also Maga: Hiring and training workers that cost 15x as much on top of 8 to 9 figures of unplanned CapEx will put little to no upward pressure on prices.
COMMIES: We need to fight climate change!!! Most important, so bad.
Also COMMIES: We will burden American manufacturers with high environmental regulations to fight climate change. We will force them to ship production to China/India and 3rd world countries to be produced with no environmental regulations and slave labor. Then we put the goods on a diesel powered boat and ship it a 1000 miles back to the US
Posted on 10/16/24 at 2:50 pm to boomtown143
quote:
No, there are no tariffs — all you have to do is build your plant in the United States
Good for workers, bad for consumers who will pay higher prices either way.
Posted on 10/16/24 at 3:18 pm to LSUShock
quote:
It's often easy to see who knows the least about the global supply chain when these discussions occur.
I am by no means an expert on global supply chain, but I am a business owner that imports, and thus can only speak to my small corner of the economy. I import raw flat glass and hardware associated with glass products. I would certainly have to raise my prices substantially to cover the proposed tariffs. It would be at minimum a half decade before any domestic supply could come online, and even then it would not be cheap.
I buy as much American produced stuff as I can, but there there are not enough domestic manufacturers for my main glass products and no American manufacturers for my secondary products like shower door hardware. For example, there are currently only 37 float glass tanks in the US. Those 37 cannot keep up with domestic demand, so we import from China, Mexico, and Europe to supplement.
To build a float tank, it takes approximately $600 million and at least a half decade, depending on environmental reviews. There are currently no float tanks in the planning stage in the US and Canada. Three existing float tanks are scheduled for multi-year turnarounds, reducing the number to 34 for a few years. There are a couple on the books for Mexico.
As for the shower door hardware, like I said, there are no manufacturers in the US. I'd love to buy American, but it's not possible. If you have a frameless shower door, there is a 99% chance the hardware came from one of a half dozen factories in Guangzhou. The other 1% comes from Canada, primarily as aluminum extrusions.
None of that even covers the machinery needed to process the glass. Very little machines are made in America. The quality machines are made in Europe (Italy and Germany, specifically) with Asian electronics. The rest are made in China.
TL;DR: The proposed tariffs will shrink my available supply and increase my costs. I ain't eating those costs.
Posted on 10/16/24 at 4:15 pm to BottomlandBrew
Wow, this thread is entrenched camps speaking right past one another.
Posted on 10/16/24 at 5:27 pm to Upperdecker
quote:
Wages will grow with the net GDP growth from more USA-based production
Lagging indicator. At first companies will try to keep profits but eventually wages will grow.
Posted on 10/16/24 at 5:29 pm to BCreed1
quote:
Except for it hasn't. Typically a washing machine lasts 10-13 years. Top-loading washers typically last a few years longer than their front-loading brethren.
Im on my 3rd washing machine in 10 years. And my third needed a part replacement.
Posted on 10/16/24 at 7:11 pm to Lightning
I agree with you. I feel like the post you replied to said was saying the same thing and got downvoted to hell. Strange, this place.
Posted on 10/16/24 at 7:26 pm to BottomlandBrew
quote:
I am by no means an expert on global supply chain, but I am a business owner that imports, and thus can only speak to my small corner of the economy.
Don’t sell yourself short. You are the core of the American economy. And America is a better place with you as an importer than not existing at all. Keep it up!!
quote:
As for the shower door hardware, like I said, there are no manufacturers in the US. I'd love to buy American, but it's not possible. If you have a frameless shower door, there is a 99% chance the hardware came from one of a half dozen factories in Guangzhou
I’d be curious if India has hit your radar as a supply hub. They are getting good at this kind of stuff.
Do you go to the Kitchen and Bath Show?
Keep me in mind if you’re ever looking for alternatives or support. I co-founded a forwarder that specifically focuses on 10-500/year container importers.
Posted on 10/16/24 at 7:48 pm to Upperdecker
quote:Better plan would be to just go around breaking windows. Would create a lot of jobs making glass, replacing windows, cleaning up window debris. Sure it'll be expensive to replace the windows, but we'll increase employment, and those new workers will spend their wages at businesses throughout the economy, making us all richer.
Wages will grow with the net GDP growth from more USA-based production
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