but will they go through a university/college degree ( and the associated debt ) ??I think in all of this it needs to be considered that there's a wide range of things that fall within the broad definition of manufacturing just as there's a wide range of things that fall within the broad definition of (say) the medical profession or the transport industry.
not so genius it has been happening for centuries , inflation is very popular way , banks lending money they don't own is another,Trump's a genius, stealing from the poor to give to the rich.
the 'noise ' i have heard is , there is a trend to reconsider second-hand cars again ( when buying a car )Stellantis (Chrysler etc) out of Canada and Mexico have stopped exports to the US, as have Land Rover/ Jaguar from the UK.
Might just improve Tesla's sales, unless they all just start buying gas guzzling Dodge Rams and the like.
Have you actually thought about what you've said?so that they can be employed
But... But.... But... They told us if Trump won that this would be the last election ever.On a related note, guys, the idea that you're going to be able to accurately predict the long/longer term effect of these things all of a few days after they've been announced is just... ugh.
Remember that the yanks live in a 4 year election cycle. For all we know, most of this stuff will be removed by the next president. It's only once it becomes apparent that a very long term/deep geopolitical shift has occurred (i.e tariffs and the like are favoured by both the republicans and the democrats) that we'll start to see some big decisions made by corporate america.
You need to think bigger picture and go back a bit and think about things like biden's chip act and what the driving forces of it were.
Nobody's going to dump billions building A: a factory and B: an entire supply chain based on what could be a 4 year 12% tariff policy or whatever, for fucks sake...
A lot of ARB stuff is made in Thailand .I made a comment the other day about every person I met recently was suddenly an expert on tariffs.
I was looking at one of my investments, ARB, which had a good presence in the USA, and did a good bit of business there.
Although the US business accounted for only 12% of sales last year, the value grew by 18% YOY, so its a market that is getting more important.
The general consensus was that the Tariffs would decimate the company.
Australia has been hit with 10% tariffs on exports to the USA, so at the very worst there would be an increase in 10% on the wholesale price of goods going into the warehouse.
Given that there will be at least a 40% markup, the cost to consumers has gone up by around 6%, assuming that the cost of the imports stay the same.
The Australian dollar plunged some 5% over the past few days, which could be used to o0ffset the tariffs with an almost net zero affect.
ARB does some manufatcuring in the USA, especially high end stuff that is non labour intensive like billet machining, automatic welding etc, which will not attract any import tariffs.
Aluminium and steel attract higher tariffs, but some of that will be offset by lowe AUD/USD conversions.
I suspect that there are other industries that like ARB, will have a smaller net effect in the long run.
Mick
Yes, I agree.I made a comment the other day about every person I met recently was suddenly an expert on tariffs.
I was looking at one of my investments, ARB, which had a good presence in the USA, and did a good bit of business there.
Although the US business accounted for only 12% of sales last year, the value grew by 18% YOY, so its a market that is getting more important.
The general consensus was that the Tariffs would decimate the company.
Australia has been hit with 10% tariffs on exports to the USA, so at the very worst there would be an increase in 10% on the wholesale price of goods going into the warehouse.
Given that there will be at least a 40% markup, the cost to consumers has gone up by around 6%, assuming that the cost of the imports stay the same.
The Australian dollar plunged some 5% over the past few days, which could be used to o0ffset the tariffs with an almost net zero affect.
ARB does some manufatcuring in the USA, especially high end stuff that is non labour intensive like billet machining, automatic welding etc, which will not attract any import tariffs.
Aluminium and steel attract higher tariffs, but some of that will be offset by lowe AUD/USD conversions.
I suspect that there are other industries that like ARB, will have a smaller net effect in the long run.
Mick
Precision machining is something that asia isn't particularly good at (yet).I made a comment the other day about every person I met recently was suddenly an expert on tariffs.
I was looking at one of my investments, ARB, which had a good presence in the USA, and did a good bit of business there.
Although the US business accounted for only 12% of sales last year, the value grew by 18% YOY, so its a market that is getting more important.
The general consensus was that the Tariffs would decimate the company.
Australia has been hit with 10% tariffs on exports to the USA, so at the very worst there would be an increase in 10% on the wholesale price of goods going into the warehouse.
Given that there will be at least a 40% markup, the cost to consumers has gone up by around 6%, assuming that the cost of the imports stay the same.
The Australian dollar plunged some 5% over the past few days, which could be used to o0ffset the tariffs with an almost net zero affect.
ARB does some manufatcuring in the USA, especially high end stuff that is non labour intensive like billet machining, automatic welding etc, which will not attract any import tariffs.
Aluminium and steel attract higher tariffs, but some of that will be offset by lowe AUD/USD conversions.
I suspect that there are other industries that like ARB, will have a smaller net effect in the long run.
Mick
Oh look... it's already happening.
Made in USA is the old stock.
Made in Mexico is the new stock.
K&N Oil filters, same part number. Purchased today.
View attachment 196943
You'll see the problems through exports to China for Australia.Yes, I agree.
Australia won't be hurt by this except maybe reduced exports from other nations.
The aluminium tariff for instance is particularly stupid as the USA get 50% aluminium supply from Canada and there is no way they can get smelters operating to replace this in a reasonable time frame. Dumb dumb dumb.
The beef tariff won't effect us. they can't import cheaper than 10% tariff.
And as you say the $A drops which is a normal thing that happens with tariffs.
It's plainly suicide for the USA economy. According to economists they will cause a contraction of the USA economy by 2.3%. Massive! This will cause a downward spiral with millions losing jobs etc.
I bet Trump pulls out of this swan dive....but when?
Yes, I agree.
Australia won't be hurt by this except maybe reduced exports from other nations.
The aluminium tariff for instance is particularly stupid as the USA get 50% aluminium supply from Canada and there is no way they can get smelters operating to replace this in a reasonable time frame. Dumb dumb dumb.
The beef tariff won't effect us. they can't import cheaper than 10% tariff.
And as you say the $A drops which is a normal thing that happens with tariffs.
It's plainly suicide for the USA economy. According to economists they will cause a contraction of the USA economy by 2.3%. Massive! This will cause a downward spiral with millions losing jobs etc.
I bet Trump pulls out of this swan dive....but when?
I doubt they would be doing that, the legal consequences of putting fake country of origin labels on products in Australia can be somewhat expensive.Isn't it a label Frugal rock ? Changing labels on products for marketing purposes is as old as the hills.
I doubt they would be doing that, the legal consequences of putting fake country of origin labels on products in Australia can be somewhat expensive.
You can put bull**** stuff like " Now with even morePower", or now "50% brighter" , thats marketing bull****.
Labelling of weight or volume of contents , country or origin, ingredients etc are covered by some stricter rules.
Mick
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