Quick question on terrifs. (suspect, Missouri, Canada, companies)

[reed067]

There are products that are made in the U.S and say Canada for instance. Jointly

So how do tarrifs work in this instance?

[BentBow]

Originally Posted by reed067

There are products that are made in the U.S and say Canada for instance. Jointly

So how do terrifs work in this instance?

Tariffs are placed to protect the labor force in your nation, from lowball imports undercutting your nations people.


School must not teach about tariffs enough, to know how it is spelled.

[CCbaxter]

Can you give an example?

[EastwardBound]

Originally Posted by CCbaxter

Can you give an example?

I would assume the OP was thinking in terms of say automobiles, with companies such as GM having a large presence in Ontario. I'm not sure how it works either, so a very legitimate question, I think.

[reed067]

Originally Posted by BentBow

Tariffs are placed to protect the labor force in your nation, from lowball imports undercutting your nations people.


School must not teach about tariffs enough, to know how it is spelled.

I asked a question I didn’t make a statement schools must not teach about the difference.

As far as misspelling it let me know when your perfect.

[CCbaxter]

In the case of automobiles the parts are subject to tariffs/taxes as they move from the country of origin to the assembly plant. Then the finished vehicles are taxed as they move between countries. Although more and more plants are being built in the markets they are intending to serve.

[Mason3000]

Originally Posted by reed067

I asked a question I didn’t make a statement schools must not teach about the difference.

As far as misspelling it let me know when your perfect.

Can you give us a specific example?

[reed067]

Originally Posted by Mason3000

Can you give us a specific example?

I had a 94 Ford Ranger when I was younger brand new and the transmission was a Mazda built unit.

Even the 2017/2018 Mustang uses a manual gearbox from China I believe it is.

So how do things like that affect the new tarrifs? Do they have any effect?

[Retroit]

The tariff could be based on the percentage of foreign content. So for example a car built in Canada with 50% US made parts and 50% Canadian made parts would have half the tariff of a car with 100% Canadian parts.

[jojajn]

Originally Posted by BentBow

Tariffs are placed to protect the labor force in your nation, from lowball imports undercutting your nations people.


School must not teach about tariffs enough, to know how it is spelled.

Except in the case of the nail factory in Missouri. Due to tariffs, it must close its doors and move to Mexico.

The first layoffs from Trump's tariffs are here

Mid-Continent Nail blames the layoffs on Trump's tariffs and the company says all 500 employees could lose their jobs by Labor Day. The next round of cuts could come in a matter of days.

The trouble for the company started at the end of May when Trump put a hefty 25 percent tariff on steel imports from Mexico and Canada. Mid-Continent had been importing steel from Mexico that American workers would then turn into nails.

After the tariff, the company was forced to hike its prices and customers fled. Orders are a mere 30 percent of what they were a year ago, said George Skarich, the vice president of sales. He suspects many customers are now buying Chinese nails.