Open question for Onefinity… I realize that this news is pretty new and you probably haven’t had much time to think about this or really even consider whether it will happen. But if we (US) impose new tariffs on imports from Canada next year, are there any thoughts or plans on what will happen with your prices in the US?
I would like to politely request that people please refrain from arguing politics. I am not looking for an argument or any kind of political opinions on the tariffs themselves. I just want to know if Onefinity has any thoughts on what they would likely do. The reason is because there are some things I would like to get in the future, but have been holding off due to funding… if Onefinity thinks there will be an across the board significant (25%) price increase in a couple months, I will have to change some plans.
I just heard about the tariff as well.
What could be stranger is…. What if there’s a “bounce back” tariff on Canadians?
The machine is built in Canada, but they charge in US funds. At 72 cents to the US dollar, Canadians are already getting hit pretty hard. Should be interesting to see how this all plays out for those who do business with both sides of the boarder. Never mind politics, this will be an accounting nightmare.
As a USA based production shop I will pay the tariffs up to around 20% on cnc but will buy only domestic on things like bits. They could setup a assembly shop in USA to avoid tariffs. That is want LG did for washer and drier factory.
Can any discussion on tariffs avoid becoming political, probably not. I would guess that the coming trade war will have a ripple affect world wide because economic isolationism is not sustainable, at least to my knowledge.
Personally, I believe that not all corporations will have the ability to “re-locate here or else”. Tariffs are poison to commerce so, like you Captain, I’m weighing any anticipated needs for quick purchase now.
due to CETA trade agreement we don’t pay fees when importing from Canada to EU. But the problem is here too. EU commision considers chinese having pushed their electrical vehicle production illegally and installs tariffs now. Germany opposed to it, but no chance.
In Germany they believed the Chinese would continue to buy their VW, BMW and Mercedes combustion engines, but during COVID-19 crisis, the Chinese have now developed smart little electric cars full of AI and are flooding the market in the EU - and Mercedes, BMW and VW don’t have a single affordable smart electric car on offer. If you want one you must buy a chinese one. And the politicians have not managed to build up a charging station infrastructure - now combustion motor plants are being closed and thousands of workers are being laid off. Yet another product that was invented in Germany but is not manufactured in Germany: The electric car, the computer, the cell phone, the solar cell.
Would an item purchased now but delivered in February be subject to a tariff implemented on 1/20/2025? Do they only charge the tariff when the item leaves Canada?
We really have no idea yet if the the proposed US tariffs will materialize or what it will look like. When/if we know more information in January, we’ll make a thread about it.