Krone says ‘alarming’ levies on about 400 goods including hair dryers and combine harvesters have forced pause
One of Europe’s biggest farm machinery companies, Krone, has been forced to pause exports of large equipment to the US because of “alarming” and little-known new tariffs that are hitting hundreds of products from knitting needles and hair dryers to combine harvesters.
Among the products on the steel derivatives list drawn up in consultation with US manufacturers, Donald Trump is taxing 407 specific products ranging from tiny embroidery stilettos to cooker hoods, barbecues, fridges, freezers, dishwashers, hair curling tongs, grills, elevators, bridge and railway structures, agriculture equipment and wind turbines.
It has meant that since 18 August, companies such as Krone and the construction company Liebherr in Germany have to provide an unprecedented level of detail to customs border authorities certifying the origin, weight and value of any steel in their products right down to nuts and bolts.
That about sums up the IQ level of Trump voters. A huge issue, because these gullible idiots make up the majority of votes.
Its about 50/50 , Hillary had the popular vote during his first election. This country is more sexist than racist
Yes, it’s totally the fault of -ism’s, and not at all from the weak pathetic oligarchic Dem party platform.
The paragon of free markets learning about how free markets work.
Exporter: “Why would I pay the tarrifs? I’m competing with prices as it is, I’d run a deficit.”
Importer: “Well why would I pay the tarrifs? I don’t even want the thing.”
Consumer: “Well why would I pay the tarrifs?”
Exporter: “Okay, goodbye. We’re shifting US market funds to elsewhere.”
Elsewhere: Thanks, US! Competitively lower prices and higher quality products."
Most interesting part is all the shipping companies that have just cut out the US due to all the companies bailing. My partners been advised by DHL they’ll do it, but it costs more now because of low traffic and the US buyer has to foot the bill first + the tarrif. But obviously my partner’s company decided they’re not shipping to the US anyway. It’s like a “special order” thing to contact them about.
Impacts the US companies in the industry too since all the best materials for that industry come from Asia. They may be US-based but focusing on international markets instead too, since obviously sales of their products with tariffs on the price will drop sales massively.
No body on earth could’ve seen this coming. Absolutely nobody. Not a single person. No one. The day tarrifs were mentioned, couldn’t have seen this coming from miles away. Absolute shock.