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GumboPot
USA Fan
Member since Mar 2009
58790 posts
 Online 

re: So, about that tariff: Just got hit with $11K adder notice
quote:

$11 K per machine, and this lot averaged about 430-450K. Equipment dealers son't make a lot on new machines. A 10% margin is really good.

So, 11K out of 44K. Anybody here want to take a 25% hit on your gross margin and try to just absorb that?




So have your customers reneged on any deals because of this 11K adder?


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BeefDawg
Georgia Fan
Atlanta
Member since Sep 2012
2277 posts

re: So, about that tariff: Just got hit with $11K adder notice
A surcharge for what?

There is no tariff yet. It's not even a guarantee it will happen.

Why the hell would prices have already changed?

I'd bet dollars to doughnuts you're lying through your teeth because you're a freaking virtue signaling little bitch.
This post was edited on 3/7 at 2:29 pm


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164
Meauxjeaux
Memphis Fan
91867 posts including my alters
Member since Jun 2005
22900 posts

re: So, about that tariff: Just got hit with $11K adder notice
$11k each or $11k total?


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texag7
USA Fan
College Station
Member since Apr 2014
23010 posts

re: So, about that tariff: Just got hit with $11K adder notice
quote:

New units run $400-600K


what kind of machinery


buckeye_vol
Ohio State Fan
Member since Jul 2014
28889 posts
 Online 

re: So, about that tariff: Just got hit with $11K adder notice
quote:

I call BS on your supplier passing on 100% of the suspected 25%
Your math doesn’t make any sense.


GumboPot
USA Fan
Member since Mar 2009
58790 posts
 Online 

re: So, about that tariff: Just got hit with $11K adder notice
And wait minute. The 25% tariff is not even in place yet.

This adder is not due to the proposed tariff. Why the adder then?


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12
BugAC
LSU Fan
Baton Rouge
Member since Oct 2007
31062 posts

re: So, about that tariff: Just got hit with $11K adder notice
quote:


For orders you already have with customers?




There is a lot of information OP is failing to deliver, or is completely making up this scenario.


Iosh
Texas A&M Fan
Bureau of Interstellar Immigration
Member since Dec 2012
18914 posts

re: So, about that tariff: Just got hit with $11K adder notice
OP about to get a SERIOUS lesson in how to run his business from some Pawl Finebaum callers


Ag Zwin
Texas A&M Fan
Duluth, MN
Member since Mar 2016
6068 posts
 Online 

re: So, about that tariff: Just got hit with $11K adder notice
quote:

So you either had a 2% cost adder per equipment, or if that 11k is for the entire order than that is a .2% adder which is very insignificant. I also think it is worth it to pay .2 - 2% additional cost to buy American.

FWIW, Chinese products are shite.

You have no idea how this industry works.

Like I said earlier, a 10% deal is good in this business. We take several deals at less than that. An 11K hit takes off 25% of my gross margin. That sound "insignificant" to you?

As for Chinese products, these are weldments, i.e., semi-finished components. At one point, I was leading a project to put together machines in China, using components sourced from Cat's suppliers in the Xuzhou. When Cat puts a big plant in a place like this, they train and qualify local suppliers, and they get really good at it. The midsize HEX coming out of that factory had less problems than ones coming from other factories around the world making the same machine.

You are just spouting lines like it's something you read in a book somewhere.


Y.A. Tittle
Winthrop Fan
Member since Sep 2003
68141 posts
 Online 

re: So, about that tariff: Just got hit with $11K adder notice
quote:

quote:
I call BS on your supplier passing on 100% of the suspected 25%
Your math doesn’t make any sense.




To be fair, unless we get a good bit of clarification from the op, there's not a lot of math in this thread that makes any sense.


the_watcher
LSU Fan
Jarule's House
Member since Nov 2005
2230 posts
 Online 

re: So, about that tariff: Just got hit with $11K adder notice
quote:

So, 11K out of 44K. Anybody here want to take a 25% hit on your gross margin and try to just absorb that?

Do you enforce a strict policy on yourself that doesn't allow you to pass on any business expense increases to the consumer?


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51
GumboPot
USA Fan
Member since Mar 2009
58790 posts
 Online 

re: So, about that tariff: Just got hit with $11K adder notice
Are you saying this adder is from the 25% steel tariffs?


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lsu480
LSU Fan
Downtown Scottsdale
Member since Oct 2007
89222 posts

re: So, about that tariff: Just got hit with $11K adder notice
quote:

$11 K per machine, and this lot averaged about 430-450K. Equipment dealers son't make a lot on new machines. A 10% margin is really good.

So, 11K out of 44K. Anybody here want to take a 25% hit on your gross margin and try to just absorb that?


Why aren't you passing that cost on to the people buying these machines from you?


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11
NIH
LA-Lafayette Fan
Member since Aug 2008
85713 posts

re: So, about that tariff: Just got hit with $11K adder notice
Conservatives are willing to call out bad policy when it's put forth. Dems on this board and in general may as well be a part of the First Order.


Meauxjeaux
Memphis Fan
91867 posts including my alters
Member since Jun 2005
22900 posts

re: So, about that tariff: Just got hit with $11K adder notice
quote:

You have no idea how this industry works.

Like I said earlier, a 10% deal is good in this business. We take several deals at less than that. An 11K hit takes off 25% of my gross margin. That sound "insignificant" to you?


Runs business.

Does not know how to pass along cost increases.


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113
Iosh
Texas A&M Fan
Bureau of Interstellar Immigration
Member since Dec 2012
18914 posts

re: So, about that tariff: Just got hit with $11K adder notice
quote:

Conservatives are willing to call out bad policy when it's put forth. Dems on this board and in general may as well be a part of the First Order.
I really have nothing to add but I congratulate you on making a post that disproves itself so economically


BeefDawg
Georgia Fan
Atlanta
Member since Sep 2012
2277 posts

re: So, about that tariff: Just got hit with $11K adder notice
quote:

These machines won't be built for another 2-5 months. You think future deliveries are not already pricing in the tariff?

Isn't your company making a boatload more money from the corporate tax cuts and elimination of regulations?

No, I don't believe they are pricing in something that may not even have an effect on steel pricing.

It's very likely if these tariffs do go into effect, Canada and Brazil will get a waiver on the tariff too.

We already have US Steel opening up idle plants.

You are full of shite and anyone with a brain knows it.


GumboPot
USA Fan
Member since Mar 2009
58790 posts
 Online 

re: So, about that tariff: Just got hit with $11K adder notice
quote:

It's not as fun when you see the knock on effects


What knock on effects. You are insinuating that the adder is due to tariffs. No tariffs have been implemented yet. They are only proposed.


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02
Pfft
Member since Jul 2014
305 posts
 Online 

re: So, about that tariff: Just got hit with $11K adder notice
Try pricing the work out down here in the south, Northerners been pricing themselves out of business since the 70's.
To many taxes and regulations.
Ole baw machine shop with a few Vietnamese welders in Loreauville probably knock that shite out in a couple of weeks.
Shop around a little more.


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02
texag7
USA Fan
College Station
Member since Apr 2014
23010 posts

re: So, about that tariff: Just got hit with $11K adder notice
quote:


Isn't your company making a boatload more money from the corporate tax cuts and elimination of regulations?

No, I don't believe they are pricing in something that may not even have an effect on steel pricing.

It's very likely if these tariffs do go into effect, Canada and Brazil will get a waiver on the tariff too.

We already have US Steel opening up idle plants.

You are full of shite and anyone with a brain knows it.


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