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Post Info TOPIC: Thoughts on tariffs affecting car parts, new cars, and insurancer


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Thoughts on tariffs affecting car parts, new cars, and insurancer
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New cars up around  $7k, sheet metal tariffs of 25% in and out. Higher insurance cost.



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Jim L

Lake City



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Seems like something that will take a year or two before any positive effects are felt.

Lots of big international businesses planning to invest in US manufacturing, but that doesn't happen overnight like the price increases do.

Some small businesses finding ways around it... saw a US made race aero (wings and splitters) business offer to Canadian customers to buy a "consultation" which then gets them the parts for $1 :)

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Derek Kiefer - Mantorville, MN

69 Malibu Pro-Touring stroker LS1-383/T56 - 69 SS396-325/3spd project



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I saw a segment on TV where a Canadian company imported steel from US, 5 generation owner  said he expected a 25% tariff, then his company would make sheet metal parts  that he expected a 25% traffic on when they were shipped back To US.  He said the company would be out of business in a year.  Economist then also expected a $7k new car increase.

whats going to happen to gas that we get from CA.



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Jim L

Lake City



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Jim, this just might be one of those, wait and see evolutions.

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Kevin

Northwestern Ohio

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We make a lot of our medical devices in Mexico. Plan is to ship them to US and slap a label on them to "complete" the assembly thereby making the finished good in the US. Will cost some money, but much cheaper than a 25% tariff. We have a lot of medical device manufacturing in Costa Rica, but not affected and hopefully nothing happens to our territory of Puerto Rice as product produced there as well. Also some in Dominican Republic. Wait and see.

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Andrew K

Minneapolis

1971 Chevelle M22 468

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