What Impact will the Trade Wars have on Reefing Gear

[OriginalUserName]

Regarding price increases, the answer is "it depends".

Let's say we see a 20% tariff on Chinese goods. Your Chinese pump is unlikely to go up 20%. Depending on how elastic the demand for said pump is (are there alternatives?) then the actual price will increase at some amount less than the full 20%. Since we don't "need" pumps and there are US and Euro produced options, it would probably be somewhere in the middle. (of course materials to produce those US pumps might also go up but that's another story)

I find it funny that someone would poo poo 'leftie' policy but be all about tariffs. Which is 'leftie' as it gets and another type of subsidy that is paid for by the consumer instead of the government.

It can also be seen as a tax as it has a similar impact. It's unfortunate that the right has abandoned the principles of free trade and economics.

 

[siggy]

So we start a trade war and everyone else negotiates to trade freely without including us in those talks... How dare they!

I might not like the guy but he gets everyone engaged.....In DAMAGE CONTROL ....LOL

 

[alton]

Be careful with free trade remember NAFTA? North American Free Trade Agreement, seems like it only benefits a few.

 

[Lasse]

So we start a trade war and everyone else negotiates to trade freely without including us in those talks... How dare they!

It looks like a certain person will succeed in getting the rest of the world unite in free trade

Sincerely Lasse

 

[ca1ore]

I'm curious if folks know where things like vortech pumps, radion lights and apex controllers are actually made? Is it a 'designed in California but made overseas' thing like Apple, or is stuff actually assembled here in the US? I'm sure I could figure it out - but I imagine somebody here knows.

 

[gcarroll]

I'm curious if folks know where things like vortech pumps, radion lights and apex controllers are actually made? Is it a 'designed in California but made overseas' thing like Apple, or is stuff actually assembled here in the US? I'm sure I could figure it out - but I imagine somebody here knows.

I know. It's a combination of all of the above. Some made here, some assembled here, some designed here. But if the profits stay here because it is an American company, should that not mean something?

 

[Lowell Lemon]

I'm curious if folks know where things like vortech pumps, radion lights and apex controllers are actually made? Is it a 'designed in California but made overseas' thing like Apple, or is stuff actually assembled here in the US? I'm sure I could figure it out - but I imagine somebody here knows.

In most cases the products you mentioned are manufactured overseas (China) and China is stealing the technology from U.S. companies by telling them they have to surrender trade secrets in order to have the product manufactured in China. This stealing of U.S. technology is what started the whole trade "war". We have a 20 trillion dollar economy and our current tarrifs affect only 34 billion in trade...a small drop in the bucket. So there will be little effect on actual prices paid by the consumer with the exception of dish washers and possibly some metal parts. We are tired of China ripping off the technology of the world and selling it out the back door with false brands on the knock off merchandise. We have to make a stand somewhere so they will start to agree to international copy rights and patents. While taxes on imports are an expense you can shop other sources. Of course in the long term we can produce our own products like we have in the past.

 

[siggy]

I'm curious if folks know where things like vortech pumps, radion lights and apex controllers are actually made? Is it a 'designed in California but made overseas' thing like Apple, or is stuff actually assembled here in the US? I'm sure I could figure it out - but I imagine somebody here knows.

I think a lot is developed here then sent to be mass produced. I did a limited run on Industral alert systems and went overseas to cut out the middle man (Alibaba) and the speaker was the same for 8 different brands, from JBL to MCM electronics. I do know if your product is produced in Taiwan or Korea Its a superior product than China, and if made their, there is a Chinese knockoff on E-Bay.

 

[Potatohead]

It looks like a certain person will succeed in getting the rest of the world unite in free trade

Sincerely Lasse

Canada and EU have free trade agreement pending as well.

 

[Lowell Lemon]

Alibaba....ha ha and his fourty theives. Why would Jack Lew name his company Alibaba unless he was the leader of the fourty theives? I was looking at importing private label low iron glass tanks until I was introduced to Jack's business model through his attornies Dewy, Cheatam and Howe. Just a joke there folks but Alibaba is a place where some ligit business is done along with the other kind of business. I could not find a company that would take international letters of credit with contracted terms. They all insisted on cash up front with no contracted deliver details or dates. An non-starter in my book. The only way to do it I am told is to jump on a plane and make the rounds to the companies yourself with a local "broker" you trust. Since I have not found the latter I just let the project slide. On the other side the freight forwarders in the country think it is okay to charge shipping and handeling fees the would triple the landed cost of the tanks. The freight quotes with customs clearance from China were 1/3 the cost of the U.S. companies. Things the make you go hmmm.

 

[ca1ore]

I think a lot is developed here then sent to be mass produced.

That is why I asked. I work a lot with electronics manufacturers, just not aquarium electronics, so was curious. It is quite common, by the way, for things to be designed here in the US, but then actually manufactured by contract manufacturers like Foxconn, Celestica, Flextronics and Jabil. Like it or not, it's a labor arbitrage play. I'd also argue that the notion of 'design' can blur, because much of the innovation happened from the chip manufacturers, for example.

 

[ca1ore]

But if the profits stay here because it is an American company, should that not mean something?

Conceptually yes, but it's not that simple of course. Profits occur at many point in the supply chain, not just the sale of the finished/final product.

 

[Lasse]

Canada and EU have free trade agreement pending as well.

Japan, China and South Korea too

Sincerely Lasse

 

[gcarroll]

Japan, China and South Korea too

Sincerely Lasse

Canada and EU have free trade agreement pending as well.

OK, this type of news is getting ridiculous. This is not fair at all. All these other countries banning together without us... I'm beginning to think that having a President who is in his own words, "like a smart person" is not the same as having a President that is a smart person.

 

[ca1ore]

China is stealing the technology from U.S. companies by telling them they have to surrender trade secrets in order to have the product manufactured in China.

It's a 'devils bargain' I agree ..... but it's not just a manufacturing issues, if it were US companies would go elsewhere; it's also about access to Chinese consumers.

 

[madweazl]

OK, this type of news is getting ridiculous. This is not fair at all. All these other countries banning together without us... I'm beginning to think that having a President who is in his own words, "like a smart person" is not the same as having a President that is a smart person.

Current American FTA:

• Australia
• Bahrain
• Chile
• Colombia
• DR-CAFTA: Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, & Nicaragua
• Israel
• Jordan
• Korea
• Morocco
• NAFTA: Canada & Mexico
• Oman
• Panama
• Peru
• Singapore

 

[gcarroll]

Conceptually yes, but it's not that simple of course. Profits occur at many point in the supply chain, not just the sale of the finished/final product.

So an American company should not make money if other countries make money as well along the way. I mean, the Chinese don't seem to mind the US companies making huge profits even though their hard working citizens put forth all the work to make those products.

So the answer is to bring back these low paying jobs that "American's just wont do" to then turn around to bring in immigrants to fill those jobs just so we can say that we are creating American jobs?
http://www.foxnews.com/politics/2018/07/06/trumps-mar-lago-seeks-to-hire-61-foreign-workers.html

 

[siggy]

Canada and EU have free trade agreement pending as well.

When Mercedes owned DCX My uncle in Germany was afraid that Mercedes would be built in the US and shipped to Germany, he said it would be a lot cheaper to produce here. Now free trade with the EU? How will a socialist economy pay all that vacation time.

The freight quotes with customs clearance from China were 1/3 the cost of the U.S. companies. Things the make you go hmmm.

WE need an economist to translate the currency manipulation with that. Does it cost more for a US company to export from china? or is it gouging? or a Superior product? .....Just remember Greenies for dogs and Plastics in baby formula
NOW to REALY GROSS you out Google "Boneless chicken wings from china-Rat Meat" ..........Sorry just thought you should know

 

[Lasse]

It's a 'devils bargain' I agree ..... but it's not just a manufacturing issues, if it were US companies would go elsewhere; it's also about access to Chinese consumers.

Together with India the fastest growing consumer market in the world for the moment.

Current American FTA

Has not US withdraw from NAFTA or at least try to kill it?

More facts
In may Australia, Brunei, Chile, Japan, Canada, Malaysia, Mexico, New Zeeland, Peru, Singapore and Vietnam sign the TPP without US. The name is CPTPP.

Sincerely Lasse

 

[siggy]

U.S.-China Trade Deficit Hits Record, Fueling Trade Fight
President Trump has approved solar tariffs for the next four years, a trade action aimed at Chinese imports. The gap between Chinese goods imported to the United States and American goods exported to China rose to $375.2 billion last year, up from $347 billion the prior year, data released Tuesday morning by the Commerce Department showed. https://www.nytimes.com/2018/02/06/us/politics/us-china-trade-deficit.html