View Full Version : Tariff increases
Some people who are already panicking about increased tariffs/duties. Customers are already calling and emailing. NOTHING can go into effect until the new administration is in place. We also have no clue what they will be, either. That happens January 20th. During his first term, it took ONE YEAR for additional tariffs to go into effect.
Please tell this to the people you know who are freaking out. We will know nothing until new administration is in place.
I hope Susie Wiles talks him down from that particular ledge.
I hope Susie Wiles talks him down from that particular ledge.
Good luck with that. He’s not a big fan of listening to advice.
I have several expensive items I'd been considering buying, made overseas. I'm contemplating purchasing them early, just in case.
I have several expensive items I'd been considering buying, made overseas. I'm contemplating purchasing them early, just in case.
I did that already.. I bought a 2024 Subaru Crosstrek, made in Japan, back in July when my Escape bit the dust. I don’t need anything else. iPhone, iPad, Apple Watch were all bought earlier this year. Windows laptop was new a year ago. The thing I buy the most is ebooks (Kindle) and they’re not affected by books being printed in China. My Kindle is a year ago, but I can also read on iPhone and iPad.
I heard somewhere that the last round of tariffs brought a trillion dollars of manufacturing back to the US. I don't know if that's true or not but there must be a reason the majority of those tariffs were kept in place during the Biden admin. It makes me wonder why no one is talking about the possible positive effects of whatever may be in store once the new admin takes over.
Biden kept the Trump tariffs in place because being weak on China was the last thing to appear to be.
The cool bit for American manufacturers is that they will be able to raise prices of stuff to just under the tariffed price of foreign goods. Profits will go through the roof.
The cool bit for American manufacturers is that they will be able to raise prices of stuff to just under the tariffed price of foreign goods. Profits will go through the roof.
So many things aren’t made here.
gimmethesimplelife
11-17-24, 9:40am
What I'm worried about is how Mexico will respond. Many Americans depend on Mexico for health care - will Trump sabotage this? If he does, is he not fairly directly responsible for murder in cases of patient death due to lackmof access to Mexican health care? Something else to despise the man for. Rob
What I'm worried about is how Mexico will respond. Many Americans depend on Mexico for health care - will Trump sabotage this? If he does, is he not fairly directly responsible for murder in cases of patient death due to lackmof access to Mexican health care? Something else to despise the man for. Rob
Rob, I’m going to be blunt. Most of us don’t live near the southern border and don’t give a flying fig if people are able to go back and forth. If you’re so enamored of Mexico, JUST MOVE already! But you don’t have the money saved the Mexican government requires, do you? I just love how you think we should let anyone come in via Mexico, but you won’t say a damned word about Mexico’s requirements for people moving there.
gimmethesimplelife
11-17-24, 9:50pm
Rob, I’m going to be blunt. Most of us don’t live near the southern border and don’t give a flying fig if people are able to go back and forth. If you’re so enamored of Mexico, JUST MOVE already! But you don’t have the money saved the Mexican government requires, do you? I just love how you think we should let anyone come in via Mexico, but you won’t say a damned word about Mexico’s requirements for people moving there.Whoah. Ouch. My point? Maybe no one on this
board cares regarding this issue but it's a big deal in border states, especially that one without expanded Medicaid. (But it does have Austin). I am far from the only one deeply concerned here. Rob
iris lilies
11-17-24, 9:58pm
Whoah. Ouch. My point? Maybe no one on this
board cares regarding this issue but it's a big deal in border states, especially that one without expanded Medicaid. (But it does have Austin). I am far from the only one deeply concerned here. Rob
I don’t know how trade tariffs affect medical tourism. How does that work?
Dude, I do not care. Mexico was always the red-headed bastard stepchild of NAFTA. Since the USMCA came into effect, I call it the USCMA, even at work. Canada will ALWAYS come before Mexico. Canada is easy peasy to deal with for work. Mexico is a massive headache, everyone I deal with down there is incompetent. Canada is civilized. Mexico, hah!
I do not give a shit what goes in on southern border states. Mexico could fall off and I would cheer. Nothing but trouble from that end.
I don’t know how trade tariffs affect medical tourism. How does that work?
Tariffs don’t affect medical tourism at all
Tariffs don’t affect medical tourism at all
Well, they might up here.
At present, lots of Canadians cross down into the US to shop at big box stores we have near the border, and this clogs up the border crossings. I might guess that if US prices increase, this will make the lines at the border shorter, and I can more easily pop up to Vancouver for dim sum.
Similarly, the buses of elderly folks that head to Vancouver to get their meds cheaper might find it easier.
Well, they might up here.
At present, lots of Canadians cross down into the US to shop at big box stores we have near the border, and this clogs up the border crossings. I might guess that if US prices increase, this will make the lines at the border shorter, and I can more easily pop up to Vancouver for dim sum.
Similarly, the buses of elderly folks that head to Vancouver to get their meds cheaper might find it easier.
Canadians are welcome. People via the southern border? Nope.
frugal-one
11-17-24, 11:23pm
Tariffs don’t affect medical tourism at all
But they will affect medications. Recently heard something like only 3% made in the US.
frugal-one
11-17-24, 11:25pm
Canadians are welcome. People via the southern border? Nope.
Many vegetables and crops come from Mexico…. prices will escalate for basic food.
rosarugosa
11-18-24, 7:22am
Tariffs don’t affect medical tourism at all
I can only speak for my neck of the woods, but the people I see doing roofing, landscape maintenance, home improvements, nursing home care, and probably a lot of other essential jobs that I'm not recalling at the moment are not Canadians.
But they will affect medications. Recently heard something like only 3% made in the US.
We were talking about MX. Our meds often come from China or India. For people going into to MX for medical care, no affect.
I can only speak for my neck of the woods, but the people I see doing roofing, landscape maintenance, home improvements, nursing home care, and probably a lot of other essential jobs that I'm not recalling at the moment are not Canadians.
Rob was talking about medical tourism. That’s people going into MX. Doesn’t have a damn thing to do with that.
iris lilies
11-18-24, 9:24am
I can only speak for my neck of the woods, but the people I see doing roofing, landscape maintenance, home improvements, nursing home care, and probably a lot of other essential jobs that I'm not recalling at the moment are not Canadians.
I would not assume those guys are here illegally.
There is a well trodden path of temporary seasonal work visas put into place for the
Green industry. DH worked with those guys for years. They work in St. Louis March thru October, then go home to mexico. Come back the next year. Etc. Their company was experienced in getting the work documents.
I'm would not assume those guys are here illegally.
There is a well trodden path of temporary seasonal work visas put into place for the
Green industry. DH worked with those guys for years. They work in St. Louis March thru October, then go home to mexico. Come back the next year. Etc. Their company was experienced in getting the work documents.
Chicago area has a long history of Spanish speaking immigrants. They’ve been here since the 40s. I used to work with a guy whose grandfather came here in the 40s from Mexico. And we have tons of legal immigrants here.
pinkytoe
11-18-24, 11:50am
Seems like medical tourism might be affected if Mexico decided to retaliate with their own tariffs or regulations that limit border crossings. I grew up in San Antonio where "illegals" were just an accepted part of life and no one really seemed to care since it benefited both sides. Perhaps it is just the scale of it now.
frugal-one
11-18-24, 11:52am
We were talking about MX. Our meds often come from China or India. For people going into to MX for medical care, no affect.
This post is about tariffs. Matters not what country. Medications probably will be affected by tariffs from other than the US.
I’m an antediluvian free trade Republican who doesn’t much like tariffs or industrial policy absent very egregious circumstances. Trump is more like a traditional Democrat or Democratic Socialist in his apparent belief that you can protect people from competition in the long run.
I hope he reverses himself on that nonsense in the near future.
I’m an antediluvian free trade Republican who doesn’t much like tariffs or industrial policy absent very egregious circumstances. Trump is more like a traditional Democrat or Democratic Socialist in his apparent belief that you can protect people from competition in the long run.
I hope he reverses himself on that nonsense in the near future.
I'm impressed at your ability to blame democrats for such a sad sack republican president. BRAVO
I'm impressed at your ability to blame democrats for such a sad sack republican president. BRAVO
Well, he certainly seems to have picked up some of their bad habits and panders. It’s one reason I couldn’t vote for him.
Trump today announced, on Truth Social, his plans to implement a 25% tariff on Canadian and Mexican goods.
What impacts do you see from this to the economy as a whole, and to your own life?
(I live right on the US/Canada border...)
“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders. This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country! Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem,”
https://tradingeconomics.com/united-states/imports/canada
rosarugosa
11-26-24, 7:53am
Just off the top of my head, my alcohol-free, wine alternative subscription from Canada will cost me an additional $180. per year. There is another alternative that I liked that was made in NY, but I like Proxies from Canada a lot better, and it has a lot less sugar, so I'll stick with them despite any tariffs.
I'm sure there are plenty of other items that will cost us more. It looks like a of our health/beauty/toiletry items are made in Canada.
I've tried to buy things that are made locally or at least in the USA for a long time. It is sometimes totally impossible, as a lot of product categories just aren't made in the US. Nor do I want to spend my life researching the minutiae of every tiny package of dental floss I buy. Also, how does one factor into the equation sustainable/environmentally friendly practices? Sticking with dental floss, I recently found a brand I like that doesn't contain any plastics in the product or packaging, but it's made in Colombia. So is that better or worse?
I wonder how they will treat items like coffee, tea, and chocolate that cannot be sourced from the US at all?
What impacts? Work will get more interesting? That’s to be sure.
Some imports from China are at 7.5% additional duty (on top of standard duty), others are at 25%. So this is 10% on top of that. I looked at the tin of Nivea cream in my bathroom. Made in MX. Same thing with my Eucerine cream. Lots of fruit and veggies come from MX.
I think Canada should be have been left out of this. 80% of their exports come to the US. I have no issues with hitting MX. NAFTA sent so much US manufacturing to MX.
flowerseverywhere
11-26-24, 8:30am
Thank you Tradd for your insights. Very helpful to get your opinions based on actual experience as opposed to biased CNN or FOX talking heads.
Thank you Tradd for your insights. Very helpful to get your opinions based on actual experience as opposed to biased CNN or FOX talking heads.
Welcome. That’s why I send people to the Economist, NYT, or WSJ. I have a subscription to the first two and some WSJ access through Apple News + subscription.
sweetana3
11-26-24, 1:08pm
Wonder how they will handle cars "made in Canada"? My new Honda hybrid was built in Canada.
Wonder how they will handle cars "made in Canada"? My new Honda hybrid was built in Canada. We are happy about that since the Honda plant just 50 miles away has had some recent quality issues.
Lots of people aren’t aware that car parts go back and forth between Michigan and Ontario for different processes done on each side. Not sure how this is going to affect that.
News says there will be a similar tariff on Mexico as Canada. If I understand things, there can be an application for tariff exemptions, but doesn't a lot of our produce and other food stuffs come from Mexico?
News says there will be a similar tariff on Mexico as Canada. If I understand things, there can be an application for tariff exemptions, but doesn't a lot of our produce and other food stuffs come from Mexico?
Yes, that’s what I’m wondering, too. There were plenty of carve outs and exclusions on the first round of China tariffs in 2018-19 b
catherine
11-26-24, 1:28pm
...my alcohol-free, wine alternative subscription from Canada will cost me an additional $180. per year.
Off-topic: rosa, how is that alcohol-free wine? I drink the alcohol-free beer that Teacher Terry recommended years ago (Athletic Brewing Company), but I'd love a good N/A wine!!
ApatheticNoMore
11-26-24, 5:34pm
Worst part is going to be if people start panic buying over potential tariffs (that may not even happen much, though I don't predict what crazy does, but really they might not even happen). Because panic buys ->buyers remorse -> landfill.
rosarugosa
11-27-24, 7:16am
Off-topic: rosa, how is that alcohol-free wine? I drink the alcohol-free beer that Teacher Terry recommended years ago (Athletic Brewing Company), but I'd love a good N/A wine!!
My DH agrees that the Athletic Brewing NA beer is good, but I don't care for beer. I love the "Red Clay" by Proxies. My current subscription is for 6 bottles every two months for just under $130. I had tried a couple of sample packs initially. I found that I didn't like any of the whites and wasn't crazy about rose' or sparkling options, but I did like the reds, especially Red Clay. And of course I like the name of that one!
I've learned that I like to treat myself to a "special" drink in a stemmed glass, and it doesn't have to be an alcoholic one. In fact, most of the time I find it preferable if it doesn't contain alcohol. This was a surprise to me, and I guess I had to be at the right mental time and place to really analyze this with an open and curious mind. "I need a drink" actually translates to "I need to do something nice to soothe myself," at least for me. I've found that tea often is the best option for that, but a Red Clay or a Fever Tree grapefruit soda in a nice glass can fit the bill as well.
My poison of choice is regular Coke. It’s cheap, easily available, and my wits aren’t addled.
I'm wondering if this is just some sort of Trump flexing his muscle in some sort of bluff or a deal bargaining power. It just seems like an obviously bad move for a guy who ran on the economy. Krugman had an opinion piece in the NYT saying it could be the start of "crony capitalism", where tariff exemptions for red states or Trump friendlies could be granted, but exemptions for the opposites would be denied.
iris lilies
11-27-24, 10:50am
Rosa I tried alcohol free wine and it was horrible. I don’t remember the brand. It was not cheap.
I don't like wine, but enjoy the varieties of craft brews these days, within some sort of healthy limits. Anymore there are so many local breweries and small local wine makers that it's easy to buy locally most places. At least one local brewer claims to use all locally grown ingredients.
I'm wondering if this is just some sort of Trump flexing his muscle in some sort of bluff or a deal bargaining power. It just seems like an obviously bad move for a guy who ran on the economy. Krugman had an opinion piece in the NYT saying it could be the start of "crony capitalism", where tariff exemptions for red states or Trump friendlies could be granted, but exemptions for the opposites would be denied.
Under the existing China tariffs from 2018, whole product groups were not subject to the additional China duties. Importers were allowed to apply for exclusions. So unknown what will happen this time around.
I see where China has suggested, "supply chain warfare". That could work. Might work for Mexico and Canada, too.
They can call it what they like, but mercantilism is a very old and a very dumb idea. Between a series of trade wars and a strong possibility of an east coast longshoremen’s strike we seem to be heading toward a period of self-inflicted high import prices.
Powered by vBulletin® Version 4.2.5 Copyright © 2025 vBulletin Solutions Inc. All rights reserved.