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Started By
Message
So, about that tariff: Just got hit with $11K adder notice
Posted on 3/7/18 at 1:55 pm
Posted on 3/7/18 at 1:55 pm
I own a heavy equipment dealership. New units run $400-600K, and a SWAG of the steel content is 50,000 lb.
Two of our main product lines are both made in Wisconsin. One is much more vertically integrated and does a lot of their own fab work and machining (or farms that out to local shops). The other imports semi-finished weldments from China. It's unclear if semifinished components are included, but there is a good chance they will not.
The upshot of this is that the manufacturer that builds the stuff here will have a big hit to their material costs, and the one that imports work fabbed overseas may not. We placed orders for about a dozen machines this morning from the manufacturer that build more of the content here, and are being told that we should prepare for an $11K surcharge to those units.
It's not as fun when you see the knock on effects, not just for you, but for the people who build things.
Two of our main product lines are both made in Wisconsin. One is much more vertically integrated and does a lot of their own fab work and machining (or farms that out to local shops). The other imports semi-finished weldments from China. It's unclear if semifinished components are included, but there is a good chance they will not.
The upshot of this is that the manufacturer that builds the stuff here will have a big hit to their material costs, and the one that imports work fabbed overseas may not. We placed orders for about a dozen machines this morning from the manufacturer that build more of the content here, and are being told that we should prepare for an $11K surcharge to those units.
It's not as fun when you see the knock on effects, not just for you, but for the people who build things.
This post was edited on 3/7/18 at 1:56 pm
40
Posted on 3/7/18 at 1:57 pm to Ag Zwin
But now we are actually employing Americans as opposed to Chinaman overseas. You should be grateful to our god emperor. You're lucky it's only $11,000 and not more. So ungrateful.
Posted on 3/7/18 at 1:58 pm to Ag Zwin
But steel workers in the midwest will keep their jobs.
Posted on 3/7/18 at 1:58 pm to Ag Zwin
muh crumbs
Posted on 3/7/18 at 1:58 pm to Ag Zwin
who downvotes this?
Posted on 3/7/18 at 2:00 pm to Ag Zwin
i expect a min of 40 down votes. Jdoc will be along shortly to tell you that its the small price to pay to be an American.
Posted on 3/7/18 at 2:00 pm to Usafgiles
quote:
who downvotes this?
Posted on 3/7/18 at 2:01 pm to Usafgiles
You said you ordered a dozen at a cost of 400,000-600,000. So we say you got 12 at 500,000 to average it out, that's a 6 million dollar order and 11,000 was added. Is that about right?
Posted on 3/7/18 at 2:02 pm to Iosh
Why should they hit you with a surcharge when there has been no tariff added yet?
Posted on 3/7/18 at 2:02 pm to theronswanson
quote:
But now we are actually employing Americans as opposed to Chinaman overseas. You should be grateful to our god emperor. You're lucky it's only $11,000 and not more. So ungrateful.
In @realism theory, it's known as an asymmetric payoff and considered even more desirable than bankrupting multiple casinos (businesses with a built-in edge) and underperforming the S&P over 30 years. With Cohn gone, it's all @real from here on. It's a grand experiment!
Posted on 3/7/18 at 2:02 pm to hawkeye007
quote:
Jdoc will be along shortly to tell you that its the small price to pay to be an American.
He's the most progressive poster we have here. Advocates tariffs, tax raises....
Posted on 3/7/18 at 2:03 pm to broadhead
quote:
You said you ordered a dozen at a cost of 400,000-600,000. So we say you got 12 at 500,000 to average it out, that's a 6 million dollar order and 11,000 was added. Is that about right?
Maybe he meant 11k per machine? Still not all the significant. Like 2.2%
This post was edited on 3/7/18 at 2:05 pm
Posted on 3/7/18 at 2:05 pm to Ag Zwin
You paid 1k per machine that runs 400k-600k holy percentages batman.
Posted on 3/7/18 at 2:07 pm to Ag Zwin
I may lose my coat but tariffs and minimum wages are cousins.
Both are a government subsidy financed by the consumer.
I can make an exception for using tariffs to keep industry home for national defense purposes, but I'm not seeing that here.
Both are a government subsidy financed by the consumer.
I can make an exception for using tariffs to keep industry home for national defense purposes, but I'm not seeing that here.
Posted on 3/7/18 at 2:07 pm to MrLarson
quote:
You paid 1k per machine that runs 400k-600k holy percentages batman.
Is he really on here bitching about a 0.183% increase?
Posted on 3/7/18 at 2:08 pm to the_watcher
Yes.... with no tariff in place!
Posted on 3/7/18 at 2:10 pm to the_watcher
quote:
Is he really on here bitching about a 0.183% increase?
Posted on 3/7/18 at 2:11 pm to RogerTheShrubber
Why lie? Does it really promote productive conversations?
No.
I do not advocate higher taxes. In fact, I was for lower corp taxes than what was passed. I do advocate for going after rouge nations in trade and making sure that the USA is self reliant.
No.
I do not advocate higher taxes. In fact, I was for lower corp taxes than what was passed. I do advocate for going after rouge nations in trade and making sure that the USA is self reliant.
Posted on 3/7/18 at 2:11 pm to Ag Zwin
We are at a mad rush to release equipment and material here this week.
so are requiring orders by close of business day today and other are requiring equipment delivered a certain date will be 10% more the the quoted price we have today.
so are requiring orders by close of business day today and other are requiring equipment delivered a certain date will be 10% more the the quoted price we have today.
Posted on 3/7/18 at 2:14 pm to Ag Zwin
Tell them you're cancelling the order unless they stop with their BS.
Like buying a car and walking away because they won't throw in the $150 floor mats.
Like buying a car and walking away because they won't throw in the $150 floor mats.
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