US Tarrif impact on Global & Australian markets? Whats your prediction on the impact? Should we buy now or hold off and wait to what's coming? If there's any economist out there what's your take. Thanks in advance
GN has mentioned some manufacturers are feeling the impact
Bunnings sell both
I don't think that a tweet from 2018 is as informative as you think it is.
More recent information says that tariffs are intended to be mostly permanent, and he's certainly doubling down on this idea on Twitter https://www.moneycontrol.com/world/trump-signals-tariffs-are…
Of course, Trump is a lunatic so there will never be any guarantees either way.
There should be few direct impacts on Australia. The US tariffs are an extra tax on products being imported into the US.
Technology being sent out of the US is not subject to the tax, and products produced outside the US and shipped direct to Australia also will not be subject to the tax.
There may be a limited number of US-made products built of imported parts that might end up costing a touch more, but most likely it will be proportionally a small fraction of the price.
There is some potential that if US demand drops due to higher prices in that country, and the likely upcoming recession there, excess stock originally destined for the US may end up in Australia at a small discount simply to clear it out.
Eventually most technology companies will rejig their production chains to avoid the US altogether, making the ultimate effect on prices in Australia negligible over time.
No new products will be made in the US that weren't previously being made there because it takes more than four years to tool up for that and the current administration will be gone by the time the factories come online, potentially making them redundant.
Buy now or later, the tariffs won't effect you directly, other than potentially causing a global recession and losing you your job.
Depends.. what country are you living in?
Norfolk Island
Heard Island
Tasmania …
If you buy a Taiwanese product from the US, add ~35% …
If you buy a Taiwanese product from Taiwan, add 0% …
If you buy a Japanese product from the US, add ~ 25% …
If you buy a Japanese product from Japan, add 0% …
If you buy a Vietnamese product from the US, add 70% …
If you buy a Vietnamese product from Vietnam, add 0% …
What if you're Taiwanese living in Japan buying Vietnamese products?
Nothing changes, unless you are a Taiwanese living as an Japanese ex-pat in Guam buying an Vietnamese product - add 70% !!
If sold in Australia by a retailer gst will apply.
Buy gold bullion
prices up in the short term due to tariffs
prices up in the mid-long term even if tariffs removed because everyone get used to paying the inflated prices
prices up in the long term if they ever end up moving manufacturing/fabs to usa soil & because taiwan gets utterly vaporised in the next few years.
I upgraded my computer 2.5 years ago, I'll be good for at least another 5 years. By that time Trump will be gone, hopefully his tariffs also.
He is going to run for 3rd term against Obama.
Not likely. Grumps buddies are trying to put thru legislation that would allow a 3rd term for non consecutive term Presidents only.
AUD is already below 0.60 USD. If it stays there, that will affect your computer hardware cost more than anything.
It wont happen but if the American market slows due to inceased prices we could potentially benefit from lower prices with companies trying to sell more to non American countries.
So buying ryzen processor from Amazon. Don't get it if it coming from America?
Hardware like Bunnings
Or Computer parts?