Ntd! Brace Yourself, Bridgette..(tariffs)

Discussion in 'What's left to Talk About?' started by Partscaster, May 14, 2019.

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  1. Partscaster

    Partscaster Well-Known Member

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    found these lines in new tariff list.


    String musical instruments, o/than w/elect. sound or ampl., guitars, valued over $100 each (excluding the value of the case)
    9202.90.40

    String musical instruments (o/than guitars or instruments played with a bow), o/than w/elect. sound or ampl.
    9202.90.60


    Musical instruments (o/than keyboard except accordions) nesoi, the sound of which is produced, or must be amplified, electrically
    9207.90.00
     
  2. honyock

    honyock Well-Known Member

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    the one that will hurt you is 9903.88.03, article of China, US NTE 20(F) 25% on top of your standard duty fee...

    Sent from my SM-G955U using Tapatalk
     
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  3. Mickey

    Mickey Gandalf the Intonationer

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    Co$t me something over $10,000 yesterday! Stock/bond markets are NOT enjoying this!
     
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  4. nomadh

    nomadh Well-Known Member

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    There is gonna be lots of pain coming over this. I think getting to a fair- free trade situation will China be worth it in the long run but this is gonna be painful. The Chicoms may want to try and wait out Trump and see if he's turned out. They don't have our flippity floppy election cycles to deal with. And Xi just got his job upgraded for life so theres that.
    It did say any guitar over $100? Maybe we will get a big firesale on anything between 100 and 250 to get it moved before its shutdown. Unintended consequences are a given. Now just to see them coming or at least be ready for them.
     
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  5. tonray

    tonray Well-Known Member Supporting Member+

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    I just started offering the buy from AliExpress via Thailand service. Only downside is you'll need to wait two years until my next visit for delivery
     
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  6. RockYoWorld

    RockYoWorld Well-Known Member

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    Any firesale deal will get off-set from shipping everyone's going to be scrambling to order things like they did the last time 25% tariffs were threatened, which increased shipping demand, which increased shipping prices.

    I'm feeling the pain at work already. The thing I'm seeing, though, is Chinese companies putting more and more plants outside of China to get around the tariffs. Not sure how that all works.

    I mean guitars made in Korea wouldn't get tariffs, right?
     
  7. tonray

    tonray Well-Known Member Supporting Member+

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    No, but the cost of everything increases because the tariffs put a tax on the global supply chain. You'd be amazed at how components move betwee multiple places before final installation.
     
  8. peskypesky

    peskypesky Well-Known Member Supporting Member

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    i'm not looking. I don't want to know how much my investments have decreased in the past few business days.

    I'll look again when they rebound. Cause they will. Remember Christmas Eve?
     
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  9. tobijohn

    tobijohn The Great Enabler Staff Member Gold Supporting Member

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    IMHO, I suspect that both tariffs and their eventual lifting has been priced into the market. I'd be surprised if either the high or low that have been already established this year are significantly exceeded before 2020 and probably not at all. If I had to pick though, I think maybe a new high before a new low but I doubt it stays there for very long. I smell a trading range...
     
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  10. peskypesky

    peskypesky Well-Known Member Supporting Member

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    You may very well be surprised. The stock market has a way of doing that to us.

    I just hope it ends the year up a bit from the recent highs.
     
    Last edited: May 14, 2019
  11. tobijohn

    tobijohn The Great Enabler Staff Member Gold Supporting Member

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    Oh, I know all about that. I've been dealing with the stock, commodities and Forex markets for over thirty years. My mantra is that the market will do whatever it takes to f*** the most people. In this case, I think it's both those who are long and those who are short, hence a trading range...
     
  12. peskypesky

    peskypesky Well-Known Member Supporting Member

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    I've been long for a long time and it has worked out very well for me....Obviously, a lot of that was lucky timing. And there's no guarantee my luck will hold out.

    But get this: I have a brother who is a doctor, with no kids, and he was making three times as much money as me....and living in Austin. I was making a third of what he made, and living in NYC. I invested in the stock market. Mostly S&P 500 index funds. He put his money into savings accounts and money markets. No investing.

    Despite the fact that he made 3x what I made and lived in a city with much lower cost of living....we have the same amount saved for retirement.

    I didn't tell him I have the same amount as him, because it might cause him to have a stroke.
     
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  13. tobijohn

    tobijohn The Great Enabler Staff Member Gold Supporting Member

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    That's great, and I'm not saying this is the top of the market, just that I don't see it doing much the rest of this year...
     
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  14. PsychoCid

    PsychoCid Well-Known Member

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    Watching crypto as well, seems up quite a bit since last peak high which was more than a year ago.



    Somebody once said, a pessimist is an experienced optimist.
     
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  15. Mickey

    Mickey Gandalf the Intonationer

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    I like this one:

    "An optimist is simply a pessimist with no job experience." Dilbert.
     
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  16. Fat Jack

    Fat Jack Well-Known Member

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    Think chinese amps are getting tarriffed the monoprice 15 watter which was 200 then 220 a couple months ago Just looked they're still out of stock but jumped to 249 which is about right for the tarriffs form Jan 1 on .
     
  17. Chocol8

    Chocol8 Well-Known Member

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    The economic impacts are complicated and debatable, but breaking our dependence on Chinese junk might be good for collective mental health.

    Of all the stuff they export, what do I really need, or what really brings me happiness? Not much.
     
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  18. jam

    jam Well-Known Member

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    I'll tell you what: Beer! In aluminum cans!
     
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  19. jtcnj

    jtcnj Well-Known Member

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    EDIT: removed the bits about the U.S. helping China, the Japanese savagery, the Nanjing Massacre, and the irony of how 1 ally turned to an enemy and 1 enemy became an ally.

    It is going to hurt working class folks a LOT in at least the short term.

    Avoiding fixing this problem for decades has made it much worse.
    Like not changing the kitty litter box.
     
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  20. fullonshred

    fullonshred Well-Known Member

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    I recently found myself wanting to upgrade the first desktop computer I built with new AM4 motherboard, Ryzen 7 cpu and 3000mhz DDR4 memory. Use all in the original case with current grahics card, ssd, hdds and dvd drives. Catch is Ryzen current Gen prices are starting to fall due to next Gen scheduled to release later this year. DDR prices are lowest in years. But how long can I wait to see how much further Ryzen cpu prices fall before tariffs offset price drops?

    I wish the world was a much simpler place.
     
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