Does Trump's 25% tariff apply to Chinese violins???
has anyone heard, I can imagine an across the board 25% increase in new violin prices would be quite hard for some to bear??
Thus far it seems to only apply to "cases, musical instrument".
Not sure, but Fiddlershop's in brand instruments raised in prices recently (little over a month ago?) because of things like taxes, and all their Fiddlerman instruments are Chinese.
Only the orange ones
It is a bit confusing, to say the least.
Is it saying that electrics are excluded or am I misreading? If so I wonder what the logic would be? Ooops, am I assuming logic as part of this?
Duane, confusion is good. It gives lawyers work to do. In other words, it "creates jobs."
The tariffs are going to take money out of the pockets of parents buying student instruments. And all the rest of us will pay higher prices for Chinese made accessories.
Indeed. Typically dealers markup chinese instruments by 100% for retail, so a 25% tariff on dealer cost should at most result in a 12.5% increase to retail costs (i.e. a $400 retail instrument retailer cost = $250 rather than $200 pre-tariff, which is a $50 cost increase, not $100) and still maintain the same profit margin, but we all know that most retailers will use the tariff as an excuse to raise retail prices by at least 25%, if not more, hence pocketing even more than they were before the tariffs were imposed! Ever wondered how a 2cents a litre increase on gas price to retailers results in a 10cents increase at the pump?
Pricing doesn't work that way, if the wholesale price goes up 25% the retail price needs to go up 25%, otherwise the retailer is taking a loss.
Re electric violins: those are covered by a separate category: 9207.90.00 Musical instruments (o/than keyboard except accordions) nesoi [Not Elsewhere Specified Or Included], the sound of which is produced, or must be amplified, electrically.
A presumed 25% rise in the price of new Chinese violins would boost the relative affordability of refurbished antiques, and that money would go to American workers. Not that I think the tariffs are a good thing.
hmmm... but we don't want Chinese violins anyway do we?
Chinese manufacturers may eat part of it, to keep sales volume up.
Worry no more, it's a free market, and in free markets, sellers and companies make up whatever it has to be made up so they maintain the same benefits or better. So, if the price goes from $900 to $1099, and we decide not to buy, the seller won't get anything, and that can't be. So, the seller will lower the price, and that can mean worse QC, worse materials, etc... Whatever it has to be done, but you must still buy, that's the seller's only mission.
Do you work for the Trump administration, David, because that BS sounds like their party line!!
No, I'm self-employed. ;-)
By the way, Lyndon and co., isn't this tax good for you and local market?
its bad for the country, That's my bigger concern.
Weren't you born Australian?
I don't understand, if the chinese come with their shitty instruments, according to most of you, it's unfair, it damages our local production and shops. If we penalize chinese, it's bad for the country.