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<blockquote data-quote="Traxion" data-source="post: 448168" data-attributes="member: 983"><p>I agree with what you're saying and what is trying to be done. However, I think there are some big challenges. First, time....it has to be done quick. Cranking up a factory, getting suppliers and materials lined up, finding help (immigrants.....oh wait?), it all takes time. You've got to train workers. This is all time consuming and expensive. You're also probably coming from a low cost country, to now a high cost country. Your product is going to cost more, without question. Americans have just dealt with years of high inflation, and this will only prolong and probably worsen things in the short term. That's where we're back to time and the fact that I don't think the public will have the patience to deal with this for a long term gain. Then add in the uncertainty that Trump brings and do you want to really go all in when the tariff switch could be turned off tomorrow? That's a huge risk as a business owner. This all happens as we are losing sales and market share in other industries due to retaliatory tariffs with many folks likely in a worse economic position as well. So the balance of the short term pain for long term pain will be the tipping point of if it works or not. </p><p></p><p>I work with a lot of projects that use Buy America or Buy American specifications. The cost difference on some items produced domestically versus import can be incredible. I'd say on average I could purchase imported steel fasteners at anywhere from 30-40% of the domestic price. I had a large quantity of small fasteners that I recently got quotes on and imports were 11% of the domestic cost. If I handed you the mill reports and the end product you wouldn't know the difference. But, their costs are so much lower over there that they can produce it and send it across the ocean for that much less than we can do it here. It is incredible to me that they can even make a buck doing it. </p><p></p><p>Tomorrow will be a fun one!</p></blockquote><p></p>
[QUOTE="Traxion, post: 448168, member: 983"] I agree with what you're saying and what is trying to be done. However, I think there are some big challenges. First, time....it has to be done quick. Cranking up a factory, getting suppliers and materials lined up, finding help (immigrants.....oh wait?), it all takes time. You've got to train workers. This is all time consuming and expensive. You're also probably coming from a low cost country, to now a high cost country. Your product is going to cost more, without question. Americans have just dealt with years of high inflation, and this will only prolong and probably worsen things in the short term. That's where we're back to time and the fact that I don't think the public will have the patience to deal with this for a long term gain. Then add in the uncertainty that Trump brings and do you want to really go all in when the tariff switch could be turned off tomorrow? That's a huge risk as a business owner. This all happens as we are losing sales and market share in other industries due to retaliatory tariffs with many folks likely in a worse economic position as well. So the balance of the short term pain for long term pain will be the tipping point of if it works or not. I work with a lot of projects that use Buy America or Buy American specifications. The cost difference on some items produced domestically versus import can be incredible. I'd say on average I could purchase imported steel fasteners at anywhere from 30-40% of the domestic price. I had a large quantity of small fasteners that I recently got quotes on and imports were 11% of the domestic cost. If I handed you the mill reports and the end product you wouldn't know the difference. But, their costs are so much lower over there that they can produce it and send it across the ocean for that much less than we can do it here. It is incredible to me that they can even make a buck doing it. Tomorrow will be a fun one! [/QUOTE]
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