visionguru
Well-known member
Found this jack at Costco. I'm pretty sure it was $89 a month ago.
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Tool price increase coming?
- Thread starter visionguru
- Start date
rijndael
Well-known member
1 year ago, at Costco, it was $94.99.
https://slickdeals.net/f/10631388-c...xl3000-low-profile-3-ton-all-steel-jack-94-99
https://slickdeals.net/f/10631388-c...xl3000-low-profile-3-ton-all-steel-jack-94-99
MFolks
Well-known member
Same price at Sam's club? Or any of the auto parts stores carrying jacks?
From tariffs you mean? Dont they go into effect November if no deal with China.
Waiting for some Dewalt guy to say, oh it wont affect Dewalt, but since 75% of the parts of their tools assembled in the US come from China, oh yes it will.
Waiting for some Dewalt guy to say, oh it wont affect Dewalt, but since 75% of the parts of their tools assembled in the US come from China, oh yes it will.
AffableCurmudgeon
Well-known member
Not just tools, a number of companies have already cautioned that their prices will be going up. There are more full product categories where prices will be going up between now and end of the year. The company list below is not complete. Also remember, if one manufacturer in a product category raises prices, all other manufacturers in that category will have some increase.
1. Pepsi
2. Coca-cola
3. Walmart
4. Whirlpool
5. LG Appliances
6. Target
7. General Motors
8. Gap
9. Winnebago
10. Polaris Industries
11. Miller Coors
12. Sam Adams
13. Jack Daniels
14. Campbell Soup
15. Toyota
16. Newell CrockPot
17. Kimberly Clark
1. Pepsi
2. Coca-cola
3. Walmart
4. Whirlpool
5. LG Appliances
6. Target
7. General Motors
8. Gap
9. Winnebago
10. Polaris Industries
11. Miller Coors
12. Sam Adams
13. Jack Daniels
14. Campbell Soup
15. Toyota
16. Newell CrockPot
17. Kimberly Clark
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Negatory.
We (wholesale machinery, equipment, tools and parts) have already received goods effected by the first two tariffs of 25%. We're about to receive goods effected by the 3rd round of tariffs @ 10%, but those same goods go up to 25% 1st of the year.
Guess where that increase is being transferred to? None of these businesses are designed to take 25% on the chin and keep the doors open, nor should they feel obligated to adsorb a federal tax.
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finn
Well-known member
Where did you get the 75% number from? Is it a documented number or another internet story?
Milwaukee has Dewalt beat. Their tools are 100% imported. Most of them, anyway.
The sh!t storm up roar probably wont really hit till after the holidays, as most merch is already in the warehouses, surely they all rushed to get it imported before the tariffs.
What happens if you pay the tariff now, and then they cut a deal, do you get a refund.
What happens if you pay the tariff now, and then they cut a deal, do you get a refund.
No, because we actually get dinged for 25% as soon as the goods touch down. And the government is not going to give us a refund once/if the tariff is lifted, so all of those goods brought in at +25% have to attempted to be sold reflecting their higher acquisition cost.
It may be different for consumer retailers, but these tariffs get proposed, then 1 month of public comment of which no one listens/reads, then they are enforced. Items you were making for months can all of a sudden show up with a tariff you had never planned for, so I doubt Christmas goods will be unaffected.
Know I saw a figure somewhere, its at least 75% or more on most the power tools.
Yeah so Milwaukees are made in China. The only difference between Dewalt & Milwaukee is where its assembled. The quality of both is probably identical, Milwaukee maybe has higher margins, but better warranty which the margin helps cover.
The tariff impact to Milwaukee and Dewalt is probably about the same.
I hate marketing BS, which is why I am not a fan of Dewalt, 20v, Assembled in US, Flexvolt, etc
Yeah so Milwaukees are made in China. The only difference between Dewalt & Milwaukee is where its assembled. The quality of both is probably identical, Milwaukee maybe has higher margins, but better warranty which the margin helps cover.
The tariff impact to Milwaukee and Dewalt is probably about the same.
I hate marketing BS, which is why I am not a fan of Dewalt, 20v, Assembled in US, Flexvolt, etc
Wamsutta
Well-known member
rijndael
Well-known member
Container materials?
Wamsutta
Well-known member
rijndael
Well-known member
Confirmed ... they import a lot of aluminum.
http://www.chinadaily.com.cn/a/201808/09/WS5b6bb281a310add14f384dfa.html
http://www.chinadaily.com.cn/a/201808/09/WS5b6bb281a310add14f384dfa.html
Farmall450
Well-known member
Hey, recycled Al will be even more profitable.
To say a product is made in the USA a large percentage of the product needs to be sourced domestically I thought. It shouldn't apply to items merely assembled here
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Lisamelting
Well-known member
The cost of imported raw materials is one part. Equipment used to mold preforms then blow them into bottles is for the most part imported also. The leader in the injected molded plastic bottle preform industry is based in Canada, so we'll see how that plays out going forward.
Sportsman762
Well-known member
Most of the world has had a raw steel (25%) and aluminum (10%) tariff put on them. China has had 25% applied to many items in two round 7/06 and 8/23. A 10% round of tariffs was applied 9/24 that covered most other items. This 10% round will potentially ramp up to 25% come Jan 1 2019. The only other tariffs are a 50% tariff on Turkish steel as a result of the political tensions there. There is no 75% tariff on anything.
The other issue that we are seeing is that the labor market is very tight. So employers are raising wages to attract workers. This cost is passed on to the consumer. It is easier to blame it on tariffs as the media has widespread coverage on tariffs so it is accepted by the consumer.
Hope I did not bore anyone too much.
The other issue that we are seeing is that the labor market is very tight. So employers are raising wages to attract workers. This cost is passed on to the consumer. It is easier to blame it on tariffs as the media has widespread coverage on tariffs so it is accepted by the consumer.
Hope I did not bore anyone too much.
Well, I have a possible solution to some of us:
Buy used, there are plenty of tools which may be used for a long time, sometimes as bought, sometimes with some work. This assumes tools are relatively common and available for reasonable price + the person who needs them has some time to look...
When you buy used, there is a lot of benefit to it:
1. The money goes directly to another fellow who will use it for his needs - not to CEO, financial board, taxes, factory abroad, etc.
Thus you are supporting local mini-economy and your neighbors.
Just think about how much money will stay in our country and go to workers like me and you if we keep buying all the tools from abroad
2. The money does not go out of the country
3. Factories abroad are forced to lower prices as we are buying less
4. Less pollution from melting our old tools and making new ones
5. You usually get a much better deal and preserve part of our history (for some tools)
6. Quite often you get a very high quality tool for the fraction of the cost
Buy used, there are plenty of tools which may be used for a long time, sometimes as bought, sometimes with some work. This assumes tools are relatively common and available for reasonable price + the person who needs them has some time to look...
When you buy used, there is a lot of benefit to it:
1. The money goes directly to another fellow who will use it for his needs - not to CEO, financial board, taxes, factory abroad, etc.
Thus you are supporting local mini-economy and your neighbors.
Just think about how much money will stay in our country and go to workers like me and you if we keep buying all the tools from abroad
2. The money does not go out of the country
3. Factories abroad are forced to lower prices as we are buying less
4. Less pollution from melting our old tools and making new ones
5. You usually get a much better deal and preserve part of our history (for some tools)
6. Quite often you get a very high quality tool for the fraction of the cost
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I keep seeing price increases all the time (HVAC repairs). Tariffs or not, things just keep getting more expensive. I think it's the result of the dollar being de-valuated with all the deficit spending and money printing going on.
My feeling is - if you want something - buy it now. It ain't gonna get any cheaper.
My feeling is - if you want something - buy it now. It ain't gonna get any cheaper.
Georgewerr
Member
A lot of this machinery is made in Connecticut at Davis Stanard.
Lisamelting
Well-known member
I currently have, and have operated a Davis Standard extruder. It's not a bad piece of equipment, but compared to the new Husky machines out of Canada (and China), it's no contest. And yes, the Husky's made in China are top quality.
L5wolvesf
Well-known member
I've been doing this for a long time now. Unfortunately the problem could end up being the sellers of used tools etc will realize they could get more (I'm thinking eBay sellers here) and will raise their prices. On CL maybe not--so-much.
Also, it is doubtful the prices will ever go back down.
2ndGearRubber
Well-known member
I keep seeing price increases all the time (HVAC repairs). Tariffs or not, things just keep getting more expensive. I think it's the result of the dollar being de-valuated with all the deficit spending and money printing going on.
My feeling is - if you want something - buy it now. It ain't gonna get any cheaper.
Hey, the real reason emerges! Fiat currency, based on debt, printed in excess, means volatile real world values for said currency. I doubt anyone would list bread as being more expensive to produce than it was in 1900. And yet the price it sells for is higher? Because we are running the currency into the ground. We may still be the world reserve currency, but the future is uncertain. Luckily there are few better currencies to compete against.
I don't see prices exploding. If they do, that's fine by me. If asian imported tools (or whatever) is more expensive, there are other options. If Gearwrench gets stupid expensive, buy Williams USA. I'm happy to see tariffs on a country the blatantly manipulates its currency. Play by the "rules" of international commerce, no need for tariffs.
AffableCurmudgeon
Well-known member
I disagree. When the price of new equipment goes up, so does the price of used equipment. Think about it, more people will want used equipment, by simple supply and demand, cost of used quipment goes up.
I disagree. Bread DOES cost a lot more to produce. Land is more expensive, cost to plow the land is higher, cost of seed is higher, cost of irrigation is higher, cost of people to work the land and harvest the crop is higher, cost of processing the wheat is higher, cost of baking energy is higher, cost of transporting the bread is higher.... I can go on and on ....
Farmall450
Well-known member
Me Too
kythri
Well-known member
That jack seems to keep getting down-rated.
It was a 3.5 ton, then 3.25 ton, now 3 ton...
It was a 3.5 ton, then 3.25 ton, now 3 ton...
AffableCurmudgeon
Well-known member
You can always find a bargain, but overall used prices follow new prices. Look at home prices, cars, manufacturing equipment etc. In a big market, you can find some sellers who either don’t know the value of what they have or have a reason to sell something off quickly, but the market is much larger than a few sellers.
Supply and demand runs the market. Higher the demand, higher the price. No other way for a free market.
The price of used items will skyrocket as well.
Why wouldn't they?
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We can hate China all we want, but they are the only reason we have affordable products , since not only did they provide them, is they Force competitive prices from domestic producers.
We are going to pay for this current folly -big time, and will never see reasonable prices again.
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We are going to pay for this current folly -big time, and will never see reasonable prices again.
Sent from my iPhone using Tapatalk
WittHay
Well-known member
Tariffs wont reverse 30 to 40 years of Gun Ho tool importers and US tool makers looking for more profit. All that cheap imports have done is eliminate choices in the market place
You should be able to find a mid priced jack stand that is made in North America. But nobody makes one. It almost seems that the good ole Hazard Fraud Tool Company sets the minimum price and other companys have to work around it.
No reason that a grease gun cant be made in the states. Lincoln. OTC, JD are made in India. Not sure why
Vises, floor jacks, mechanics tools are some of the items where there is no reasonably priced US made choice
You should be able to find a mid priced jack stand that is made in North America. But nobody makes one. It almost seems that the good ole Hazard Fraud Tool Company sets the minimum price and other companys have to work around it.
No reason that a grease gun cant be made in the states. Lincoln. OTC, JD are made in India. Not sure why
Vises, floor jacks, mechanics tools are some of the items where there is no reasonably priced US made choice
Fedwrench
ALLIANCE MEMBER
I'm not an economist so, i can't explain why tool prices are going up but, they are. I was browsing the new NAPA real deals flyer yesterday, and just everything i looked at went up in price from last quarter's flyer.
It's ok though, as I don't really need anything so, i'll buy less.
It's ok though, as I don't really need anything so, i'll buy less.
2ndGearRubber
Well-known member
Aside from land an oil, 100% of the issues you listed are due to inflation. Seed more efficient, processing and manufacture is way more efficient. Huge economies of scale should drop prices, but the money is worth less
I doubt a guy with a scythe and a brick oven can produce cheaper than bread makers of today. They money is the problem.
reader2580
Well-known member
A lot of tools are purchased by businesses. Most of them simply buy new from on of their established vendors. They don't have time to buy used and they don't want the liability of possibly buying abused tools that break.
I have purchased stuff like cordless tools used before, but then I ended up with things like worn out batteries that needed replacement.
reader2580
Well-known member
The reason why nobody makes a grease gun in the USA is because it is far cheaper to make them overseas. There aren't enough people who would buy a Made in the USA grease gun for a substantially higher price. I bought a grease gun made in Australia a few years ago as Made in USA is impossible to find and I wanted quality made in a first world country.
I recently bought a Made in the USA caulk gun. It cost $31. An import would have been 1/3 the price or less. Most would save the $20 and figure the import dispenses caulk just as well.
Scrap prices for all metals have actually been driven down as a result of the tariffs
AffableCurmudgeon
Well-known member
OK, we will disagree. You are certainly entitled to your opinion but to me having world population increase by billions, more competition for resources, an increase in what people need to buy today as opposed to what they needed a hundred years ago (cars, fuel, chemicals, etc.) accounts much more for increase in cost than inflation alone. Have a good day.