Quote:
Originally Posted by crockett
Hey dumb dumb.. the food is coming to the US.. meaning you will pay more for it..
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Onwebcam aka 8pt-buck aka xClips Jim aka Mineistaken aka Wehateporn is an idiot.
The cost of farm machinery in America is going to skyrocket.
How The Tariffs Will Impact Your Machinery Purchases
Trade war with China risks US farm machinery jobs – AEM
“We depend on a worldwide marketplace to have manufacturing work in the United States,” Slater explained to AgriTalk host Chip Flory adding that farm machinery manufacturers sell 40% of their products outside of the U.S.
According to Slater, the steel and aluminum tariffs increase the cost to manufacture equipment which makes the end product more expensive for the customer. That increased cost can make it very difficult to sell machines to customers overseas, Slater explained.
“So suddenly the U.S. manufacturer is less competitive and with the increased cost, they also face the fact of how they pass that cost along,” he said.
“So, in the end, the American consumer or the farmer ends up paying more for the equipment because of the tariffs.”