Tool price increase coming?

[dogdog]

If a price of a floor jack goes up tomorrow from $80 to $120, it shouldnt cause much hardship for anybody in North America.

............
I totally understand that people cant pay Snap-on prices for everything in life. I just dont like that more and more of the worlds manufacturing is concentrated in one country.
.........

Here I had to reply in two part again...

If a single product goes up by 50% or 100% for something that we don't buy every day, it will probably get brushed off as one time expense right.. but this is not the only "tool" that we use, or only things getting impacted in our lives.... I will probably not needed another floor jack in this life time with the many that I have... but that is besides the point about just one single item... The bad analogy would be if one single product increase in price it's no big deal, but every thing chain reaction increase few fold, you bet that matters, and the Riches getting richer and the poor getting poorer very fast... Look it up, it has happened in the US before back in the industrial revolution era., just in case you don't remember your history from grade school..... So what I am trying to point out is... you just can't brush it off and down play this death road march of the Charade happening with just an example of one single item right?

................

Thats the strange thing about China its not a true communist country. Where the goverment owns everything and everybody is supposed to be more or less equal. it seems more capitalist than the US with poor workers and incredibly rich people

.............
The point of my comments, is that a lot of Chinese people must feel that life is better in other countrys beside mainland China. The current population of persons of Chinese descent in the Vancouver/Lower Mainland area is 450,000 and increasing.

There is no single to the book true communist party anywhere in the world (it is funny, I had this same discussion with my Indian friend from Kerela)... they can only be "communist like" government with more or less control given to the people.... just like Canada, it is more of a Socialist than democratic.. even if they called it socialist democratic... and this is not a political talk, it is actually facts.... and it just happened that China declare themselves communist ended up with a capitalist behavior and the government allowed for a huge gap between rich and poor....and you know the Chinese riches have nothing to compare to other richer people in the world... just noticeable is the gap of the rich and poor in that country... but so what. right ? Those Chinese in Canada are they Canadian or Chinese expats is the question...whats a Canadian to you?

Before the explorers discover the "Americas", There were only Indians here, and after, your forefathers, my forefathers all flock here for the very same reason(s) in case you have forgotten (unless you claim to be north American Indian), even if you might have a generation more ancestry here than me... regardless of the fact, if anyone is a legal resident of here, they are consider "American" even if you go uptight a little and hold only Citizens to be "American" / "Canadian"
Regardless if they are seeking a better life, more religious freedom, or more money spending powerrr of their hard earn $$$ off the back of others.... as long as it is done legally... and I am not sure what that populations statistic comes into play at all.. So they like BC and it makes them feel like their communist motherload back home.... are they all illegal immigrants or Aliens in Canada ?

 

[dogdog]

So true. It really is a form of domestic terrorism. These guys don't give a **** about America, but they live here.

LMFAO... I have no idea how to respond to you... I am pretty sure the Indians have said the same thing to our forefathers....

 

[neophyte]

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.

Milwaukee tools may mostly be manufactured in China, but certain items like hole saws and reciprocating saw blades are manufactured in the USA.
If Milwaukee wants to source USA made drill bits or screw bits, there are a number of sources in the USA for those as well.
I wouldn’t be surprised if Milwaukee could assemble items in the USA as well, since they were doing that with some items up until recently.

 

[PFSard]

visionguru >> I'm not sure what your point is. I expect general inflation to accelerate. Hopefully, only modestly. More so if free trade keeps taking hits. Hopefully, the Fed and other Central Banks have a handle on the relative stability of general price level increases.

I lived through the 1970-80s stagflation. My parents lived through the Depression. Neither was a pretty picture.

 

[Dirtydan69]

Everything is going up except pay. has been for a while its just now its taking a jump due to the trade war. A war in which no one wins and we all suffer.

 

[dogdog]

Everything is going up except pay. has been for a while its just now its taking a jump due to the trade war. A war in which no one wins and we all suffer.

Pretty sure there is a winner(s) in every war, just not us mortals or brain washed zombies.

 

[WWheeler]

It's easy to win personally in a tariff war. You just need access to $ millions and advance knowledge of what the next round of tariffs will be before they are publicly announced. Then you and all of your friends can short sell those markets and easily make bank while everyone else loses. Good times!

 

[dogdog]

It's easy to win personally in a tariff war. You just need access to $ millions and advance knowledge of what the next round of tariffs will be before they are publicly announced. Then you and all of your friends can short sell those markets and easily make bank while everyone else loses. Good times!

lol proof it... no proof no crime. make sure the friend you have is no way remotely connected to you in 2nd degree or 3rd... and shell companies in between to wash down in between.

 

[2ndGearRubber]

LMFAO... I have no idea how to respond to you... I am pretty sure the Indians have said the same thing to our forefathers....

Regardless as to the arguments of indian society having a concept of land ownership, they lost.

Did europeans do terrible things? Sure. Indians did terrible things too. Conquered people rarely get a say in how things are run or how history is written, for right or wrong. I believe the post you quoted was referencing the fears of those who believe the US is in a transitional era which will drastically reshape both the population and job markets.

 

[6PTsocket]

Some US goods have a 100% tarriff into China. The tarriffs on US dairy products were even higher into Canada but after some tough negotiations, that is gone. If you don't fight back it only gets worse. Thousands of jobs left the country but now is unemployment is at 3%. Foreign companies have set up US plants to avoid tarriffs. Wait until it all shakes out before getting too upset.The trade imbalance with China was 5 billion a year and previous administrations just kicked the can down the road. At last somebody is is trying to fix the problem. Either China lets US goods in or theirs are priced out. Milwaukee is not an American company even if they have some manufacturing here. TTI is out of Hong Kong. If it makes sense for US companies and foreign companies to manufacture here, they will. And we will be better off for it.

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[mikebaker1129]

Some US goods have a 100% tarriff into China. The tarriffs on US dairy products were even higher into Canada but after some tough negotiations, that is gone. If you don't fight back it only gets worse. Thousands of jobs left the country but now is unemployment is at 3%. Foreign companies have set up US plants to avoid tarriffs. Wait until it all shakes out before getting too upset.The trade imbalance with China was 5 billion a year and previous administrations just kicked the can down the road. At last somebody is is trying to fix the problem. Either China lets US goods in or theirs are priced out. Milwaukee is not an American company even if they have some manufacturing here. TTI is out of Hong Kong. If it makes sense for US companies and foreign companies to manufacture here, they will. And we will be better off for it.

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Well said !

 

[Musicinabottle]

LMFAO... I have no idea how to respond to you...

Then don't!

 

[dogdog]

Regardless as to the arguments of indian society having a concept of land ownership, they lost.

Did europeans do terrible things? Sure. Indians did terrible things too. Conquered people rarely get a say in how things are run or how history is written, for right or wrong. I believe the post you quoted was referencing the fears of those who believe the US is in a transitional era which will drastically reshape both the population and job markets.

Ain't that something..... aboot that......

... some fear, some green eye monster... some inferior superiority complex.. and of cause definitely some conquering mentality.... Just say it ain't so.... but it is written all over the post... do we still conquering.... or just like to influence.

BTW I love the way you put the truth.... but no matter how history is written, you can only twist the truth so far, for so long.... take that lesson from the Japanese... lol if you ever follow the Japanese history...

 

[xin]

The CEOs get it.

I agree, get rid of the OPEN trade as a USA worker cannot compete with a person in a Gulag in CHINA who works for FREE. Plus in CHINA they have a CASTE system in place where they have MILLIONS of people providing labor at 10 cents an hour living 10 people in a single room in a dormitory on the Company property.

The USA was not created to be a GLOBAL open free trade hence the REASON he does not work and destroyed the foundation - Manufacturing... What it was built on.

 

[Fedwrench]

hey, i was just looking at the one sheet harbor freight add that comes in the mail with the grocery ads, and it looks like just about everything from the small magnetic parts trays to the magnetic tool holders went up a couple of bucks

 

[Musicinabottle]

I agree, get rid of the OPEN trade as a USA worker cannot compete with a person in a Gulag in CHINA who works for FREE. Plus in CHINA they have a CASTE system in place where they have MILLIONS of people providing labor at 10 cents an hour living 10 people in a single room in a dormitory on the Company property.

We used to do that in this country and that's where the unions came about. People grew weary of the tactics back then and rose up. Now days, people seem complacent. I think that the CEOs would love the china model here in our country, and people these days almost seem okay with it

 

[Firebrick43]

Everything is going up except pay. has been for a while its just now its taking a jump due to the trade war. A war in which no one wins and we all suffer.

Pay is climbing significantly! Seems to be a pay raise frenzy in this area. Jobless claims is the lowest on 49 years and skilled trades and machinist are in such demand due to baby boomers retirement and a generation pushing thier kids to college instead of a trade. Ironically most of the waiters/waitress in town are college grads??

Our factory is producing at record levels and orders are now over 18 months out

 

[Musicinabottle]

Doing something with minimum wages finally, but the pay rate in my area is the same it's been for awhile. Thankfully, for about the last 10 years or so, Jobs are returning back to America little by little, but much of that uptick in jobs is service sector which doesn't really account for much in terms of long time employment.

 

[2ndGearRubber]

Some US goods have a 100% tarriff into China. The tarriffs on US dairy products were even higher into Canada but after some tough negotiations, that is gone. If you don't fight back it only gets worse. Thousands of jobs left the country but now is unemployment is at 3%. Foreign companies have set up US plants to avoid tarriffs. Wait until it all shakes out before getting too upset.The trade imbalance with China was 5 billion a year and previous administrations just kicked the can down the road. At last somebody is is trying to fix the problem. Either China lets US goods in or theirs are priced out. Milwaukee is not an American company even if they have some manufacturing here. TTI is out of Hong Kong. If it makes sense for US companies and foreign companies to manufacture here, they will. And we will be better off for it.

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Crazy to mention that, most seem to never list that fact. China protects its markets, many countries do. The US does so for, what, 3 months? And now the sky is falling.


A nation does so to protect its own industries. China for instance subsidizes business to produce below market value and flood others out. Steel is often cited as an example of this.

 

[zendriver]

Crazy to mention that, most seem to never list that fact. China protects its markets, many countries do. The US does so for, what, 3 months? And now the sky is falling.


A nation does so to protect its own industries. China for instance subsidizes business to produce below market value and flood others out. Steel is often cited as an example of this.

It's not the present, people are worried about.

"Protecting" our steel industries - at the expense of the American consumer, is a recipe, for economic disaster IMO and not a solution to anything, but higher Corporate profits, for domestic steelmakers.

The price of a car is already high enough and it's estimated metal prices will add $2-4k to the price.

 

[2ndGearRubber]

It's not the present, people are worried about.

"Protecting" our steel industries - at the expense of the American consumer, is a recipe, for economic disaster IMO and not a solution to anything, but higher Corporate profits, for domestic steelmakers.

The price of a car is already high enough and it's estimated metal prices will add $2-4k to the price.

We shall have to wait and see. I personally doubt the tariffs will be on for even another year.

 

[theoldwizard1]

Costco changes prices on not-regularly-stocked items a lot. If it ends in 99¢, it is a "normal" price. If it ends in 97¢, it is a close out, even if they may bring the item back at a future date.

The infamous Feit 4' LED shop lights come and go all of the time. Watch for the time when the price ends in 97¢ !

 

[nickjj]

Hopefully US tariffs will see the Chinese sending surplus to the rest of the world at knock down prices.

 

[fasteddie]

At the same time we are placing tariffs on metal imports, we are subsidizing Asian e-commerce with ridiculously low one way postal rates out of China into the US. Here's an article explaining how and why.

https://www.forbes.com/sites/wadesh...chants-to-ship-to-the-usa-cheap/#7385ec2340ca

 

[kythri]

I suspect the writer of that article made a few assumptions that are invalid.

The most glaring piece that sticks in my mind is that shipping from China to Canada or China to UK is equally cheap, and I very seriously doubt that the USPS is subsidizing shipping in those regards.

I would not be surprised to discover that CHINA is subsidizing the long-haul into the US, and that the USPS then gives some special bulk rates once the overall pre-sorted shipment hits a major USPS sort center for distribution, but the USPS also gives domestic customers bulk rates if the quantity is large enough and is pre-sorted.

You're not going to get those rates at your local post office, especially not for small-business volumes.

I worked for a company about 25 years ago. We did a LOT of mailings, and one of my tasks was pre-sorting those mailings based on zip codes, and bundling them up in USPS bags destined for these major sort centers, taking a lot of the work off the USPS.

While we did some bulk-rate mailings, and what not, pre-sorted First Class mail was priced lower than walk-in stamp prices, because we were doing the hard work, so to speak. USPS took those bags, and the only sort they did was last-mile delivery.

Some key facts are missing from that piece.

 

[zendriver]

Hopefully US tariffs will see the Chinese sending surplus to the rest of the world at knock down prices.

Yep, just not where we want it to go.

China's outreach to Africa aims to build trade, investment and political ties with a continent often seen as overlooked by the US and other Western nations. That has provided lucrative opportunities for Chinese businesses, while African nations are often happy to accept China's offers that come without demands for safeguards against corruption, waste and environmental damage

https://www.telegraph.co.uk/news/20...ross-continent-raising-fears-new-colonialism/

The US stills sees China as a billion ignorant peasant farmers, that need us more than we need them. I expect to see China "outsource" factories and labor to starving Africa, where the average age of it's citizens is 25.

 

[rijndael]

I expect to see China "outsource" factories and labor to starving Africa, where the average age of it's citizens is 25.

And the average lifespan doesn't get past the (low)60s.

 

[dogdog]

Yep, just not where we want it to go.



https://www.telegraph.co.uk/news/20...ross-continent-raising-fears-new-colonialism/

The US stills sees China as a billion ignorant peasant farmers, that need us more than we need them. I expect to see China "outsource" factories and labor to starving Africa, where the average age of it's citizens is 25.

you don't see the pattern?

 

[zendriver]

And the average lifespan doesn't get past the (low)60s.

My point is that they have a young population.

There is a lot of Africans (well over a billion) and the unemployment rate, is over 35%, so between that and the continent's bounty of natural resources, it hard to imagine a better place to exploit and make into the next cheaper global manufacturing powerhouse.

IMO,China will fuel their burgeoning consumer economy, the exact same way America did for 35 years - cheap products, for poorly paid workers.

No doubt, when their standard of living is raised, so will their lifespan, at least some.

 

[zendriver]

you don't see the pattern?

I do!

Post #109

Many don't understand, that when it comes to cut-throat business practices, China learned from the best and as we know, they have been very attentive students.

 

[dogdog]

I do!

Post #109

Many don't understand, that when it comes to cut-throat business practices, China learned from the best and as we know, they have been very attentive students.

na, they still rides bicycles, and peddle cabs... LOL that article is refer to their OBOR... nothing new, just something alarming to USA recently, but it is not like they are fueling those country with weapons that at the end used to aim back toward us...ah hem...Iran?

One thing I do agree is some of their arrogant attitudes, with their new found riches doesn't mingle well with some western dwellers.... and both side is at fault...

this pdf is from the Austrilian's Lowy institute, plenty of other government studies of what they are... I would go by those from accredited institutes instead of some op-ed articles that may lean left or right.... but the pattern is the same....

https://www.lowyinstitute.org/sites...ng China’s Belt and Road Initiative_WEB_1.pdf

and speaking of Africa...
It's just in the news, might be from past few days... First lady visiting Africa... abc world news tonight... hmmm You really think that is a coincidence....

 

[zendriver]

na, they still rides bicycles, and peddle cabs... LOL that article is refer to their OBOR... nothing new, just something alarming to USA recently, but it is not like they are fueling those country with weapons that at the end used to aim back toward us...ah hem...Iran?

One thing I do agree is some of their arrogant attitudes, with their new found riches doesn't mingle well with some western dwellers.... and both side is at fault...

this pdf is from the Austrilian's Lowy institute, plenty of other government studies of what they are... I would go by those from accredited institutes instead of some op-ed articles that may lean left or right.... but the pattern is the same....

https://www.lowyinstitute.org/sites...ng China’s Belt and Road Initiative_WEB_1.pdf

and speaking of Africa...
It's just in the news, might be from past few days... First lady visiting Africa... abc world news tonight... hmmm You really think that is a coincidence....

To each his own.

Personally, one of the dumbest lessons I have learned in life, is to underestimate the competition.

China went from a $400 billion GDP, to $12 trillion - in 30 years, it's seems to be a bit of denial, to assume, they don't know what they are doing.


Every time I think they are just hayseeds, I watch this video. America could build that bridge section, but it would take two months.

FWIW most modern First ladies visits Africa. The US is poisoned on Africa, for a variety of reasons.

We had our chance.

 

[dogdog]

LOL those are animations... produce by the same people who make videos to the moon... and lies to us about the earth is a globe... I don't want this to go spawn into some territory that gets this thread closed because some are still living in their dream.

Yes I do agree with this.... but doesn't mean we should go pull a top dawg and steam rolling people to get our way, still thinking they will smile without a dagger behind their hand.... then cries Et tu, Brute?

To each his own.

Personally, one of the dumbest lessons I have learned in life, is to underestimate the competition.

 

[PFSard]

At the same time we are placing tariffs on metal imports, we are subsidizing Asian e-commerce with ridiculously low one way postal rates out of China into the US. Here's an article explaining how and why.

https://www.forbes.com/sites/wadesh...chants-to-ship-to-the-usa-cheap/#7385ec2340ca

I don't buy much, but I ordered something ridiculously inexpensive from Asia (single cell AAA flashlight from Hong Kong for $2.00 more or less) just to see what kind of **** it might be. It has lasted longer than the ones I bought for $20.00. I couldn't understand how they could ship for free and make any money. Now I have a better understanding (though probably incomplete, I'm sure). Along with kythri's explanation in Post # 105.

 

[dogdog]

..............

FWIW most modern First ladies visits Africa. The US is poisoned on Africa, for a variety of reasons.

We had our chance.

speaking of Africa...I either should have been a fortune teller or there are some spies in this forum...

https://www.garagejournal.com/forum/showthread.php?t=346973&highlight=africa&page=5

post #82 of this thread... back almost 2 years ago...

These kind of threads brings out the Inferiority complex disorder and the superiority complex disorder of many .......

I am suspect Chinese government as a whole choose to ignore or suppress issues related these problems so that they have the foreign business producing product there ..... if any one have been watching where products are made....you know business have already begun migrating to the next low cost labor hub..... competing for your business are India, Vietnam, and of cause Myanmaar and in another 30 years even Africa.....

I don't know what you mean by "even Africa". I think southern Africa has been producing high quality items for many years now---most of the chassis on my 10-year-old BMW is built/assembled in Africa and sent to Germany for final assembly.

the world of products does not just revolve around BMW or mining or diamonds

Africa is a continent, if you have follow the industrial revolutions.... the business tends to exploit low cost labors in stabilized developing countries.

 

[zendriver]

I hate eating at McDonald's, but unfortunately had to do so yesterday, with a big Mac meal is almost $7.

Maybe I'm concerned, because I'm reaching retirement age and is everybody knows it's no fun to live on a fixed income in the world of Sharply rising prices.

I think the consensus was that China would start shaking in their shoes when we will announce tarrifs for them and they will quickly cry uncle but instead they told us to "get bent".

Regardless, this is likely going to mean higher prices for everyone as we head to those "golden years".


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[dogdog]

.yes fools gold......for the 99%

 

[zendriver]

.yes fools gold......for the 99%

Lots of retirees, who thought they were better than everybody else, found themselves scrambling for part time jobs, when their huge retirement stock portfolios went ****-up in The economic crash of '08. Those with CDs and bonds ended up getting one percent if they were lucky.

Sure things started to recover fairly quick, so we can count on them pulling a rabbit-out-of-a-hat two times in a row, right?

Wealth in retirement, it's not a given, even for the wealthy. Increased cost will not help any of us.

Utilities all over the country are fighting for increased rates to cover their expenses and other losses of revenue.

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[Ji m]

China plans for the long term,
70 years ago their "100 years of humiliation" came to an end,
the table is set for them to return the favor.

Maybe it will happen and maybe it won't,
but they sure appear to be trying.

 

[Ji m]

Lots of retirees, who thought they were better than everybody else, found themselves scrambling for part time jobs, when their huge retirement stock portfolios went ****-up in The economic crash of '08. Those with CDs and bonds ended up getting one percent if they were lucky.

Sure things started to recover fairly quick, so we can count on them pulling a rabbit-out-of-a-hat two times in a row, right?

Wealth in retirement, it's not a given, even for the wealthy. Increased cost will not help any of us.

Utilities all over the country are fighting for increased rates to cover their expenses and other losses of revenue.

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The ones I looked at over the last 8 years were closer to .25%
The Federal Reserve has been cranking interest rates up like crazy since Dec 2016,
I got a mailer from a bank yesterday for a 2.5% 18 month CD,

I guess (hope!) the economy can sustain those rates again.