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Author Topic: USA vs. World custom duties war  (Read 411 times)

hubert

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USA vs. World custom duties war
« on: June 23, 2018, 02:28:49 PM »

At first, the president decided to raise duties on imported steel and aluminium.

Then he said this would only impact China and not EU.

Later he made an agreement with China, not raising any tax against them.

Therefore he empowered the taxes against EU.

Now EU replicated with import taxes on US products like peanut butter, cranberries, flight recorders and motorcycles....

And now the cars imported to USA shall be hit.

Would this impact Zero Motorcycles? Of course everybody in EU only knows "HD".

Therefore I checked the details of the new import duties in EU, and found the description of the taxed items as "motorcycles with ICE...".

Good news, Zero should not suffer sales losses in EU due to this war. Maybe a marginal increase in raw material cost due to the US duties on aluminium.

Come on, HD, it's more than ever time to go electric!
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Richard230

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Re: USA vs. World custom duties war
« Reply #1 on: June 23, 2018, 07:15:03 PM »

I think the bigger concern for Zero would be tariffs on Chinese products, as most of Zero's parts come from there, including the motor, the aluminum frame, the controller, the battery cells, the plastic fairing parts and who know what else.  ??? That could raise Zero's MSRP for everyone that wants to buy one - at a time when prices of electric motorcycles needs to decrease to expand the market.

The other thing I am concerned about is that consumers everywhere will be the ones paying these tariffs, which might as well be an increase in government taxes as I doubt that the governments that collect these taxes will be giving the money collected back to their citizens. In the U.S. the money collected by our tariffs will likely go to building the "Wall".  :o  Now there would be a certain irony.  ::)
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NEW2elec

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Re: USA vs. World custom duties war
« Reply #2 on: June 23, 2018, 11:10:14 PM »

Tariffs are a bad thing as a rule.  I have no idea if these will have any real effect on the trade imbalance but things are pretty one sided.

A US worker makes in a day what a Chinese worker makes in a month. (yeah I know this is not a fact but you know what I mean)  Throw in some government help from China and you can not compete.

Mostly just saber rattling on both sides but some improvements may come for workers on both sides.  The demands should be for China to force an equal minimum wage to US workers.
China knows this would crush them so it would never happen but this needs to be the rallying cry.
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Doug S

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Re: USA vs. World custom duties war
« Reply #3 on: June 24, 2018, 09:36:22 PM »

Without getting TOO political, my reading tells me that for the last couple of years we've averaged a trade deficit of $44 - 56 billion per month, or some $600 billion dollars per year.

Import tariffs fall directly on the end consumers, who wind up paying higher prices to purchase the goods they want. Even if other countries respond to our new tariffs only by enacting similar tariffs of their own, end consumers in our country wind up paying far more than consumers in the other countries.

How does this hurt anybody except the end consumers in our own country?
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Richard230

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Re: USA vs. World custom duties war
« Reply #4 on: June 25, 2018, 03:18:02 AM »

Without getting TOO political, my reading tells me that for the last couple of years we've averaged a trade deficit of $44 - 56 billion per month, or some $600 billion dollars per year.

Import tariffs fall directly on the end consumers, who wind up paying higher prices to purchase the goods they want. Even if other countries respond to our new tariffs only by enacting similar tariffs of their own, end consumers in our country wind up paying far more than consumers in the other countries.

How does this hurt anybody except the end consumers in our own country?

And gives all governments who impose tariffs another source of income without having to create any new taxes.  >:(
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Erasmo

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Re: USA vs. World custom duties war
« Reply #5 on: June 25, 2018, 01:30:16 PM »

Without getting TOO political, my reading tells me that for the last couple of years we've averaged a trade deficit of $44 - 56 billion per month, or some $600 billion dollars per year.

Import tariffs fall directly on the end consumers, who wind up paying higher prices to purchase the goods they want. Even if other countries respond to our new tariffs only by enacting similar tariffs of their own, end consumers in our country wind up paying far more than consumers in the other countries.

How does this hurt anybody except the end consumers in our own country?
In the USA expect to lose about 400000 jobs because of it. And trade wars lead to real wars.
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Richard230

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Re: USA vs. World custom duties war
« Reply #6 on: June 25, 2018, 07:31:59 PM »

The news this morning is that, due to the European tariffs imposed by the EU on H-D, they will build a new factory in Europe to build motorcycles that they plan to sell in the EU there in order to avoid the tariffs.  They expect that building this factory will take about 18 months.  Until that time they will not raise their prices for bikes sold in the EU.  However, it is likely that this move will cause layoffs in their U.S. factories.

And so it goes with a trade war.  :(

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MrDude_1

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Re: USA vs. World custom duties war
« Reply #7 on: June 25, 2018, 08:43:14 PM »

The news this morning is that, due to the European tariffs imposed by the EU on H-D, they will build a new factory in Europe to build motorcycles that they plan to sell in the EU there in order to avoid the tariffs.  They expect that building this factory will take about 18 months.  Until that time they will not raise their prices for bikes sold in the EU.  However, it is likely that this move will cause layoffs in their U.S. factories.

And so it goes with a trade war.  :(

Dont let the BS hype get to you... they were already closing all but one of the factories here in the USA.... because no one buys their pieces of crap in the USA... and they were already opening overseas factories, because they are popular "status" bikes elsewhere in the world.
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MrDude_1

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Re: USA vs. World custom duties war
« Reply #8 on: June 25, 2018, 08:44:20 PM »

In the USA expect to lose about 400000 jobs because of it. And trade wars lead to real wars.
You accidentally put too many zeros on that number...
but your second point is true... just watch Star Wars.
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Erasmo

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Re: USA vs. World custom duties war
« Reply #9 on: June 26, 2018, 01:57:11 AM »

In the USA expect to lose about 400000 jobs because of it. And trade wars lead to real wars.
You accidentally put too many zeros on that number...
but your second point is true... just watch Star Wars.
I wish I had... Now admittedly this in one of the more darker scenarios but with the current administration all bets are off..
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