Sokel
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If the 30% tariffs applies on Italian and French footwear too it's a good thing that I don't live in US,my wife would make us move to some place else
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What will the impact of prospective -- and possibly impending -- U.S. tariffs be on audio gear?
- Thread starter Bruce Morgen
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Its interesting that Tesla chose to build factories in China to take advantage of cheaper costs, including local tax breaks.
In Aus the Chinese built Tesla's are actually better built than the North American ones.
Will Teslas built in Nth America be subject to duties in Europe?
holdingpants01
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all major European car brands already have factories in China to manufacture and sell their cars there to avoid import tariffs. China is THE biggest car market in the world by far. The EU tariffs on China are specifically aimed at electric vehicles and we'll yet to see how it goes
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my next pair of Chinese made headphones being a little more expensive would be fairly low down on my list of concernsNow that's hilarious.
Bets on how long this thread is up?
a well built Tesla - now that would be something
They have the factories there because it costs less to also produce cars for the European market.
All Tesla Model 3 sold in Europe are manufactured in China.
The car market in China is completely in the hands of the Chinese also given their prices (thanks to state aid and this is why the European Union instituted these duties...).
I guess us tax hikes will not materialise simply the tax on US goods like oil Gas will rise too an thats is probably a huge amount compared to Cars, audio etc which is trivial compared to. But we will see.
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Galliardist
Major Contributor
Interesting that you look at the price of one product range, and jump to a conclusion that US customers are being fleeced. Find us Australians a second example and a third. We pay more for almost everything. It even has a name in this part of the world, the "Australia tax".
It's not so much these days, but there was a time when luxury items and the general cost of living in the US were very cheap compared to other countries. My sister visited from the UK to the US, and bought a then just introduced Canon A1 camera, and not even duty free (you can work out how long ago this was from that). She stayed for six months, and still showed a profit on the deal!
I'm amused that so many people think that the opening position in a negotiation is where the final outcome will be.
Take a chill pill.
Take a chill pill.
holdingpants01
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I heard that companies that have the ability to store in the US and that import from China now, after factoring in the cost of storage, are buying up large imports from China before the tariffs take effect.They do so even though they do not know when, if and how high these tariffs will be. I guess the companies are taking chances.
I also heard on a pod about a company that did that and had to inform the employees that they would not get a Christmas bonus this year because of these large strategic pre-tariffs purchases.The employees believed that China would pay the tariffs so they had a hard time digesting that information, but that report smelled pretty left-wing. It sounded a bit unlikely. Of course people understand that China will not pay the tariffs, but what do I know about how it works in the US.
Report , information about it from this pod:
Edit:
Pinpointed, with laser precision targeted tariffs on specific goods that a country wants to produce themselves for reasons of, for example, military security may make sense to have. I don't believe in broad high tariffs on all consumer goods. I wouldn't want that in Sweden anyway. I believe in free trade.
But I know the challenge in that huge export earnings can result in that a country gaining great geopolitical political and military power through it. However, I am careful to discuss it in detail here on ASR.
I also heard on a pod about a company that did that and had to inform the employees that they would not get a Christmas bonus this year because of these large strategic pre-tariffs purchases.The employees believed that China would pay the tariffs so they had a hard time digesting that information, but that report smelled pretty left-wing. It sounded a bit unlikely. Of course people understand that China will not pay the tariffs, but what do I know about how it works in the US.
Report , information about it from this pod:
Edit:
Pinpointed, with laser precision targeted tariffs on specific goods that a country wants to produce themselves for reasons of, for example, military security may make sense to have. I don't believe in broad high tariffs on all consumer goods. I wouldn't want that in Sweden anyway. I believe in free trade.
But I know the challenge in that huge export earnings can result in that a country gaining great geopolitical political and military power through it. However, I am careful to discuss it in detail here on ASR.
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Another real danger that I feel is reasonable to predict is that if the US really pulls back from the world and cozies up to Putin, the US will lose it's place as the leader of the free world. I'm actually a fan of a strong America and I fully acknowledge the heavy lifting defending freedom the US military does.
In that void, China and India will start to play nice perhaps and global alliances could alter. That is a huge risk of telling your friends and allies that you don't really care very much about them anymore.
I think it is also reasonable to point out that this military heavy lifting by the US is not always altruistic, it protects the world market which the US needs as much as anyone. It was through war reconstruction that the US climbed to the extremely dominant position it holds now, but none of it would be possible without the rest of the world treating the US well. The notion that the world takes advantage of the US seems rather silly. If the world was so tilted against US interests how could the US rise to such dominant affluence? I don't think both things can be true.
My long belabored point is that the US has done exceptionally well in the world community and this drop in economic certainty has happened to everyone around the world, not just the US. This is the time friends and allies should link arms even tighter and support each other. If the US distances itself in any significant way it will only strengthen it's rivals because they will look for ways to replace the lost trade and that means trade deals with others. Probably.
I'm just a huge believer in collective prosperity. There are trade issues everywhere. Hopefully cooler heads will prevail and we can solve these problems without a trade war.
In that void, China and India will start to play nice perhaps and global alliances could alter. That is a huge risk of telling your friends and allies that you don't really care very much about them anymore.
I think it is also reasonable to point out that this military heavy lifting by the US is not always altruistic, it protects the world market which the US needs as much as anyone. It was through war reconstruction that the US climbed to the extremely dominant position it holds now, but none of it would be possible without the rest of the world treating the US well. The notion that the world takes advantage of the US seems rather silly. If the world was so tilted against US interests how could the US rise to such dominant affluence? I don't think both things can be true.
My long belabored point is that the US has done exceptionally well in the world community and this drop in economic certainty has happened to everyone around the world, not just the US. This is the time friends and allies should link arms even tighter and support each other. If the US distances itself in any significant way it will only strengthen it's rivals because they will look for ways to replace the lost trade and that means trade deals with others. Probably.
I'm just a huge believer in collective prosperity. There are trade issues everywhere. Hopefully cooler heads will prevail and we can solve these problems without a trade war.
It's a BRICs world now, bud.
I'm 56 and I don't ever recall there being a period of economic certainty, or even close. Maybe there was in the U.S.A from after the war up to the mid 1960s?
1973 oil crisis turned over a lot of applecarts, and then the covid pandemic was another body blow. Aside from that it seems to be just cycles of growth then recession at around 5 year intervals.
I'm not sure what you are implying about that trade block. If anything that makes my point stronger. This is the worst possible time for the US to assume a disengaged, protectionist posture.
Yes, but I think we can reasonably make the case that following the pandemic this economic uncertainty is different. The nations of the world invested a generation in public spending rather quickly and there appears to be a correction/reckoning.
I'm also 56 so our frame of reference is likely pretty similar.
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And for the mods undoubtedly following this thread closely, while clearly it has become a philosophy of world trade discussion, I think community members are doing a great job keeping the discussion under control and appropriate.
Gives me hope that if we can do it, maybe world leaders and power brokers could as well.
Gives me hope that if we can do it, maybe world leaders and power brokers could as well.
copperblue
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100 years of post Victorian era Industrial Revolution miracle making were interrupted by the biggest, most important event in Human history - WW2. The Social, Economic and Cultural conditions that occurred after that won't be repeated, and advanced economies did very well in that period.
Stephen D. King's "When the Money Runs Out: The End of Western Affluence" published in 2013 explains this very well.
Pricier Chinese DACs are the least of our worries I think.
RobL
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Apparently the Christmas bonus story originated as an unsubstantiated Youtube comment. Still, in Canada we are all concerned about a possible trade war with the US. We can’t possibly win in such a scenario.I heard that companies that have the ability to store in the US and that import from China now, after factoring in the cost of storage, are buying up large imports from China before the tariffs take effect.They do so even though they do not know when, if and how high these tariffs will be. I guess the companies are taking chances.
I also heard on a pod about a company that did that and had to inform the employees that they would not get a Christmas bonus this year because of these large strategic pre-tariffs purchases.The employees believed that China would pay the tariffs so they had a hard time digesting that information, but that report smelled pretty left-wing. It sounded a bit unlikely. Of course people understand that China will not pay the tariffs, but what do I know about how it works in the US.
Report , information about it from this pod:
Edit:
Pinpointed, with laser precision targeted tariffs on specific goods that a country wants to produce themselves for reasons of, for example, military security may make sense to have. I don't believe in broad high tariffs on all consumer goods. I wouldn't want that in Sweden anyway. I believe in free trade.
But I know the challenge in that huge export earnings can result in that a country gaining great geopolitical political and military power through it. However, I am careful to discuss it in detail here on ASR.
I'd say from an economic perspective the last event of that magnitude was WW2 but that was back when globalisation was only getting started, comparatively.
Economically, my impression is things are still a lot better today than they were in the recession at the end of the 1980s and the first years of the 1990s but that's based only on my personal experience (unemployed for 4 years then doing manual labour as it was the only work available. And I counted myself lucky to get that job).
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