Discussion Forum - Northstar Chevelle Club

jim larson · 2K+ Club

Thoughts on tariffs affecting car parts, new cars, and insurancer

Derek69SS · Founding Member

Seems like something that will take a year or two before any positive effects are felt.

Lots of big international businesses planning to invest in US manufacturing, but that doesn't happen overnight like the price increases do.

Some small businesses finding ways around it... saw a US made race aero (wings and splitters) business offer to Canadian customers to buy a "consultation" which then gets them the parts for $1 :)

jim larson · 2K+ Club

I saw a segment on TV where a Canadian company imported steel from US, 5 generation owner said he expected a 25% tariff, then his company would make sheet metal parts that he expected a 25% traffic on when they were shipped back To US. He said the company would be out of business in a year. Economist then also expected a $7k new car increase.

whats going to happen to gas that we get from CA.

dashboard · 2K+ Club

Jim, this just might be one of those, wait and see evolutions.

AK · Event Coordinator

We make a lot of our medical devices in Mexico. Plan is to ship them to US and slap a label on them to "complete" the assembly thereby making the finished good in the US. Will cost some money, but much cheaper than a 25% tariff. We have a lot of medical device manufacturing in Costa Rica, but not affected and hopefully nothing happens to our territory of Puerto Rice as product produced there as well. Also some in Dominican Republic. Wait and see.