Some replacement parts to increase in price |
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Some replacement parts to increase in price |
mepstein |
Mar 14 2018, 05:07 PM
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#1
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914-6 GT in waiting Group: Members Posts: 19,272 Joined: 19-September 09 From: Landenberg, PA/Wilmington, DE Member No.: 10,825 Region Association: MidAtlantic Region |
Got an email from restoration design -
To all our valued customers, President Trump has signed an executive order imposing a duty of 25% on all parts produced outside of North America. This will include all parts produced in Europe, China and Taiwan. This order does not affect Canadian parts at this time. If you anticipate needing parts, call us or look at our website to determine which parts this executive order will affect. To avoid the 25% duty rate, parts will need to cross into the USA prior to March 23rd, 2018, when the executive order will take effect. |
gothspeed |
Mar 15 2018, 10:11 AM
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#2
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Senior Member Group: Members Posts: 1,539 Joined: 3-February 09 From: SoCal Member No.: 10,019 Region Association: None |
(IMG:style_emoticons/default/agree.gif) 100% As was mentioned the cost of raw material is only a portion of the total cost of the finished product. A 25% tariff on raw stock if passed through 100% would increase the final price less than 25%. Reminds me of some idiots on radio that because steel and aluminum from some countries was going to be tariffed at 25%. That meant the final cost of cars was going up directly by 25%. Pure BS and 'chicken little' political propaganda. That said, if anyone wants to raise their prices they can do so. But using this tariff as an excuse for a direct 25% increase is less than honest. Just raise the price, no need for a fake excuse. |
914_teener |
Mar 15 2018, 11:27 AM
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#3
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914 Guru Group: Members Posts: 5,198 Joined: 31-August 08 From: So. Cal Member No.: 9,489 Region Association: Southern California |
(IMG:style_emoticons/default/agree.gif) 100% As was mentioned the cost of raw material is only a portion of the total cost of the finished product. A 25% tariff on raw stock if passed through 100% would increase the final price less than 25%. Reminds me of some idiots on radio that because steel and aluminum from some countries was going to be tariffed at 25%. That meant the final cost of cars was going up directly by 25%. Pure BS and 'chicken little' political propaganda. That said, if anyone wants to raise their prices they can do so. But using this tariff as an excuse for a direct 25% increase is less than honest. Just raise the price, no need for a fake excuse. Must have been the same idiots that think there is a trade deficit with Canada. |
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