JEMC said:
See, that's not entirely true. In theory that should only affect the US, but we saw what happened during the last Trump administration when tariffs also affected the rest of us. And it's simple to understand, Imagine a $1000 card. With a 50% tariff import, that would turn into a $1500 card. If you assume a direct conversion and apply a 25% VAT, that turns into a 1250€ card. Can you imagine the reaction if Nvidia, Asus or whichever goes on stage to reveal that card and end the presentation with a slide saying that it costs 1500$ / 1250€ / £1200? The backlash from US consumers would be insane. No, what they'll do is split the extra cost between all the markets if not outright passing the cost the the EU, UK, AUS, etc. to save what it still is their biggest market. It's unfair, but it's what will happen. Sadly. |
I didn't see any increases on washing machine/dryer prices when Trump threw Tariffs onto those back in 2019... Most of the impacts were on China and Europe.
We were exempt from the Tariffs last time as the USA didn't have trade deficit with Australia... And the USA needs our world-leading steel and alloy.
The real implication is in our resource sector, tariffs will soften demand from China, which means less demand for our resources, which is what truly underpins our economy.
But cheap Chinese goods will still be flooding our markets here in Australia, so pricing will stay competitive in the long term I think.
--::{PC Gaming Master Race}::--