What Are TARIFFS & How Could They Affect The Small Engine Outdoor Equipment Industry?
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#donyboy73 #tariffs
🗨Do you think Tariffs will be good or bad for the consumer? Please comment.
The seller will have to recover the tariff(aka duty, tax) they pay to their government and naturally pass that on to the consumer. So as a consumer that sounds bad to me. Hi Don. I always enjoy your videos. Your tariff explanation was accurate EXCEPT for one important point. At the :47 seconds point in your video you state; "So for example, if I’m selling a bunch of snowblowers to another country, they may charge ME a tariff, a tax or a duty charge just for the privilege of selling it in their country.” That is incorrect. Tariff (tax, duty) is not charged to YOU as the exporter. It's charged to the person or company IMPORTING your snowblowers. For example - if my company, ABC Snowblowers, is located in the USA and I agree to buy some snowblowers from you in Muskoka, Canada for $900 each. You will receive $900 for each snowblower you sell me but I will have have to pay the USA government the tariff amount NOT you. And naturally, I'll have to charge my customers more to cover the tariff I had to pay. Do you remember what it was like before NAFTA (free trade agreements)? If you in Gravenhurst ordered a piece of equipment from a USA supplier for say, $500, YOU would have to pay a tariff (we called it "duty") to Canada Customs before you took possession of the equipment. The company you purchased it from didn't pay the duty. (tariff). Thanks again. Stay warm and we'll see you in the Spring at the Wharf.
Yep , something has to be done, the US imports more then it exports ,China is getting away with it big time , there no reason why we can’t make it here . And stop the illegals and drugs coming in , especially in the US
Losing jobs to chinese slave labor is bad for consumers too, it creates less of them.
It’s not about the consumer
@@rk22cchuh? It sure is!
As one of those lower fixed income people it makes me even more diligent in buying canadian. Unfortunately it may cost more on some items but at least i am doing my part to support our country. I will be rethinking my veggie garden this year.
Smart move
Veg garden
Tariffs are paid by the importer, not the exporter.
Love you channel and your tariff podcast especially your STP sweatshirt
As Richard Petty said : you won’t see me drivin without it !
Thank you. Appreciate your analysis of tariffs. Poor man always pays in the end.
Another business trick to think about is if you can afford it- prices are not going to reverse to previous levels. Since Covid changed everything- costs skyrocketed and are still going up….progress? You did a great job explaining what to many people a complex situation. Tariffs area poorly designed tax. Not good for either country 😢
There were a couple of times when you implied that the manufacturer pays the tariff. The tariff is always paid by the importer, and it is always paid to the country into which the goods are being imported. But your bottom line is correct - the consumer ends up paying in the end. When so many Mexicans, Americans, and Canadians are having trouble making ends meet, paying the rent and putting food on the table, in my opinion a tariff war between good trading partners does nothing to help.
If Canada imposes tariffs on mowers, blowers, etc. from the USA, it could help the repair shops like Dony if it encourages people to repair rather than replace. It could also encourage a shift in our trade away from the USA and more to Mexico and China.
True. I bought some very nice oranges from Morocco this afternoon. Last week it was cherries from Chile (a little ship-lagged but good for $1.88). Maybe Canada could join BRICS and invite China or Russia to set up a few bases for mutual security.
Thank you for that information I never knew how it works thank you for the video
A good explanation, other a few slip ups. You give a hypothetical example at 7:23-7:30 that if you, as the manufacturer of friction discs in Canada, sells/exports to a US importer then you, the seller, has to pay 25% more - that is incorrect, it is the importer who has to pay the tariff/duty to the US government. The importer will add the tariff cost plus markup to the price he charges his consumer.
If the US importer can find a US manufacturer of similar quality friction discs selling at a lower price, then there may be negative impact on the exporter as demand for his exports may drop. But in the end, the consumer pays the tariff just like any other tax the US government imposes.
Yep we paying one way or another.
Wrong......That US manufacturer will raise price since he does not have compete anymore for prices.
INCORRECT INFO - Tarrifs are paid by the importer NOT the manufacturer.
Bad advice Don ,,,,Do not buy a new pickup truck fix your old one at all cost ,all the new ones are garbage.
but eventually you need a new truck , then what ?
@@hermanchow1405Then buy a good used truck.
I think that tariffs are bad for anybody buying a product.
Thanks Dony & take care.
Simply put, the little guy always loses. Blanket tariffs are a job killer
Thanks for that FYI! Sad news for everyone!!😢, Keep up your videos!😊
Good job! Profit calculations for retailers are typically based upon a certain Mark Up or a certain percentage added to the full cost of acquiring the product. Thus the 25 percent tariff will be marked up along with the base product cost, shipping and any other expenses incurred in putting the product on the display floor. Return on investment.
Almost correct. Any manufacturer who sells to another country pays nothing. It is the importer who 1} pays the tariff to the government and 2} passes that cost on to the consumer. But it's even worse that being reported.
For example, an importer buys an item from overseas for $10. A 25% tariff, means he will send the government $2.50. Now his total cost for the item is $12.50. Most companies will factor in their labor, shipping, labelling, repackaging, taxes and determine what they must charge to make a profit. Suppose the importer needs charge 100% markup to the consumer to make a profit. The consumer used to pay $20 ($10 marked up 100%). With tariffs, the consumer will now pay $25 ($12.50 marked up 100%). Tariffs are really a hidden windfall profit for companies (an extra $2.50 in markup) and terrible new tax on consumers (double the 25% tariff).
There are market competition price point determinations that will affect the final price and that adjustment will come from the extra $2.50 markup.
Finally, to quote President Ronald Reagan. "You don't start a trade war with your allies." In America, we have a doofus leader who can't grasp that. Sorry, Canada.
JUST ANOTHER WAY TO PLAY CHESS WITH PEOPLE's LIVES! THE MUCKETY MUCKS NEVER FEEL THE PINCH SO THEY JUST DON'T CARE!
Econ 101 people. If a business is faced with having to pay a tariff he can rarely pass it all on although they might try. Because if the customer could pay more, the business would have been charging that much before. What will happen is that consumer resistance will cause demand at the higher price to fall. If the importer tries to cut his purchase price the supplier will cut supply because he can't supply as much at a lower unit price. Adam Smith's invisible hand will guide prices (slightly higher) and a new production volume (lower) and price will be low enough to still clear goods from the market at the production level. Some products like necessities almost maintain volume levels. Others less so. In the end the consumers who are still in the market will pay slightly more. The middleman and foreign supplier will eat some, lay off people or possibly exit the market (code for going broke). And the government will pretend to be surprised. Well done Misters Smoot and Hawley.
Dony, youre the best. Simple and straightforward. I vote for you as prime minister!
Exactly. Corporations do not pay tariffs or taxes, people, citizens pay taxes.
Just bought a $600 radiator for my tractor last week. Figure it could easily be $800 by the summer.
Hi Don. I always enjoy your videos. Your tariff explanation was accurate EXCEPT for one important point. At the :47 seconds point in your video you state; "So for example, if I’m selling a bunch of snowblowers to another country, they may charge ME a tariff, a tax or a duty charge just for the privilege of selling it in their country.” That is incorrect. Tariff (tax, duty) is not charged to YOU as the exporter. It's charged to the person or company IMPORTING your snowblowers. For example - if my company, ABC Snowblowers, is located in the USA and I agree to buy some snowblowers from you in Muskoka, Canada for $900 each. You will receive $900 for each snowblower you sell me but I will have have to pay the USA government the tariff amount NOT you. And naturally, I'll have to charge my customers more to cover the tariff I had to pay. Do you remember what it was like before NAFTA (free trade agreements)? If you in Gravenhurst ordered a piece of equipment from a USA supplier for say, $500, YOU would have to pay a tariff (we called it "duty") to Canada Customs before you took possession of the equipment. The company you purchased it from didn't pay the duty. (tariff). Thanks again. Stay warm and we'll see you in the Spring at the Wharf.
I agree, I noticed that as well. Good explanation! The words Duty, Tariff and Adjustment (that's my personal favorite) are just subterfuge words for additional TAX!!!
a good apolitical explanation as many here in the lower 48 don't understand the impact of the tariffs on them
One thing that you forgot to mention is that there are almost 200 counties world wide. So far the tariffs being applied are for a couple big countries. The once who benefit the most are those other countries. For a large corporation, instead of opening a factory in USA, they open a warehouse in South America (in a country not under tariff) and use it to bypass the system.
Yes, you are right but then they increase their freight charges substantially.
In the United States, tariffs are determined based on the country of origin (place of manufacture) of a product, not the last transit point. The location of a warehouse where the goods were shipped from immediately before entering the US is not important. This is the standard practice for most trading nations.
It’s a lose-lose endeavor for everyone involved. Tariffs are a tactic that only makes sense for a developing nation that has no local industry to be harmed by countervailing tariffs.
Tariffs cause the local businesses to increase their prices to match the tariffed competition so there is no encouragement for domestic consumers to switch from imported sources to domestic sources. Consumers just pay more and local businesses get richer on the same volume of production. And the other country usually introduces countervailing tariffs that mean the first country now needs to subsidize its own production or lose those businesses so there’s no real government revenue increase for the first country.
You're right on the money here. What amazes me is that people can see how corporations pass on tariffs to the customer, and yet many want their government to tax domestic corporations. Why can't they see corporations only collects the tax, they never pay it? Taxes are a cost of doing business, and the customer pays all of them.
Donny, stay within your level of expertise!
@@rk22cc He is. Sorry if that offends you.
@@Michael-Makes-Stuff Donny is a great small engine mechanic, not necessarily a border expert. Great guy too! Not offended at all.
Rk22cc. I agree. It is further proof that average people don’t understand. That is why Trump just lies nonstop. 3/4 of the world are below average IQ.
I can only speak for myself. I buy based on Quality, Durability, and Reliability. The price is what the price is. I will pay more knowing I won't get a call back due to a poor quality part. Everyone is worried about Chinese tariffs, even with a 50% tariff Chinesium parts will still be a lot less than domestic parts! Canada and Mexico is a different story. Eventually talks between the countries will result in agreements that will limit tariffs to reasonable levels. You can only shoot yourself in the foot for so long before you decide enough is enough. Stepping off the Soap Box, thanks for the video Don!
You nailed it in easy to understand language. The consumer suffers from tariffs. Period. They cause inflation. Period.
You mentioned a few times that the manufacturer pays the tarif. He never does. The importer always pays tarif on wholesale price and decides to pass on to the end buyer some or all of the extra cost.
Correct
Yup. Like Zennith TVs vs Sony or Hitachi TVs in the 80’s
When a tariff is imposed it effectively removes competition from outside sources and protects local industries. However, it is the consumer who bears all the cost. Tariffs are inefficient for the economy as a whole, because they encourage buyers to shift from lower cost foreign sources to higher cost domestic sources making the cost of goods more expensive and driving inflation. When local producers realize they no longer have foreign competition, they will increase the price of their product to you and me. Tariffs also stifle innovation. I will have to look for a used truck or snowblower because I can no longer afford a new one.
Another reason for tariffs is to punish the country that you are targeting. Then that ''punished'' country will respond by tariffs of their own, producing an inflationary spiral. In Canada that tariff threat has galvanized Canadian patriotism and produced a ''buy Canadian'' reaction beyond the wildest dreams of any advertising agency. Tariffs are bad for the economy, hence bad for the consumers.
It can also be used to price a particular country out of the market. That opens up the market to alternative countries instead of perhaps primarily that one country.
Speaking for myself as an American, I’m so sorry for the way things are working out. I think in the end, being a repairman will be good for you if you continue to do quality work and save older machines. The middle class people will continue to use well built and time proven machines, so keep up the good work. ❤
Well said
Since the first beaver pelt was sold for an axe head in North American Trade is a win win for both parties. The world changes constantly I will use the example of outboard motors. OMC motors were made in Illinois. They had 1/3 of the world market share in late 90s. Today all major brands of small outboards are made in the same factory in Japan Only with different branding. Trade is good it increases efficiency and so is competition. Tariffs stifle competition. Unfortunately human beings don’t like change but change is opportunity
Native Americans may believe differently. But they blame the Europeans for creating the wars over trade so they remain blameless. Now they are all but extinct, so goes indecision.
Engineering, Quality, Supply of parts and Longevity Suffers.
I'm staying away from USA products! MY first priority is Canadian products then going to others, what's ever which ones are cheaper .
Great video. I'm sorry you have to address this issue. As a US citizen I'm embarrassed that the government is even considering tariffs on our friends in Canada and Mexico.
The governments of Mexico and Canada have been screwing us financially for years. Not the people. Do your homework before making a dumb comment.
Thanks for your comments, Don. Most Americans do not agree with tariffs increasing. Anyone with a brain can figure out the consumer will suffer high costs.
Tariffs and other restrictions are one of the reasons the Japanese built so many plants in the US in the 80's and 90's. I cant imagine what my state of Ohio would look like had we not had Japanese investment. GM, Navistar, etc. moved so many jobs to Mexico, but the Japanese showed loyalty. Trump is using tariffs as leverage. If you wanna sell it here you can build it here.
Under this rational, you should only buy Ohio-made Japanese products not GM. Navistar, etc. and people in other states and countries should only buy what is made domestically. Life for everyone would be dramatically more expensive and product choice would be very limited. Competition is what drives innovation and productivity and grows the economic pie and each persons share of the bigger pie.
@georgewoods5543 what did you pull that straw man rational out of? Looking back in history, did we have cheaper, mid priced and expensive products in the past when it was mostly US made? Yep. A quick look at the domestic firearm industry can show you that it can still exist. And actually cheap labor can stifle innovation, see slavery in the south. What is being created is a top big money management class and a low paid warehouse and shipping class, and a foreign slave class doing the actual production. The good middle class production jobs have been outsourced. So tired of people advocating for the destruction of our countries industries just so they can buy more cheap crap that they don't really need from harbor freight and Temu. Do you not realize that most other countries put so many restrictions on US goods and give their own companies advantages? America first, I dont need a harbor freight copy of a Briggs and Stratton on my lawn mower.
Since America was the biggest market for automobiles in the 1980s, Japan had to move some of their production to the US to gain entry to the large US market (not much was moved though). Japanese wages were not much lower so increased costs were not a huge concern to the Japanese companies.
China is very different in this respect. Chinese industrial wages are 20% of those in the US. Wages are even less in Vietnam, India, Indonesia and Bangladesh, who are all capable of industrial output. Ever their robots work for less than American robots. If you want to build in America today, American workers will need to accept a developing country standard of living. America will become China West.
@cloudpoint0 (Not much was moved) Huh? Go look that up. My small town in Ohio has no less than two parts plants. 10 miles west is another small town plant. 10 to the east is another one. 10+ miles to the south is another one. 20 miles to the southwest is several more plus a new battery plant and a plant for dashboard gauges and controls. Farther north is the whole Marysville complex. We have an engine plant in another town and a transmission plant in yet another. Small towns all over Ohio have parts supplier plants. Another assembly plant in East Liberty makes CRV's. You dont know what you are talking about.
@cloudpoint0 The Chinese are an evil communist country, we have no obligation to destroy ourselves so you can get cheap shit.
Tariffs are a tax on the middle class and poor, tariffs are no problem for the rich cause they are rich. Then that extra income can be used to cut taxes on the rich, it helps no one but the rich. Its time we deal with the 1% problem and correct the imbalance but are governments are owned by the 1%.
Very well explained. Thank you
Question riding lawn mower with a snow blower on it what is the biggest engine I can put in it? If I can put an engine in it.
Great video, well said. Hopefully our embarrassment or the tariffs won't last long.
iT ONLY HELPS THE GOVERNMENT WHO GETS THE MONEY
Very good vidio sir thank you
👍👍 Young man! We have to be wise consumers.
That was hands down the best explanation I've heard yet thanks for the info.
Good video but it seems like you implied a few times in the video that the seller pays the tariff which is incorrect. The importer/buyer pays the tariff. That double whammy where one side pays to import the raw materials and then there's also a tariff when it goes back as a finished product really hurts both sides. As usual those in power pulling the levers and we little guys are stuck paying for it.
Tariffs are bad for the consumer because they will have to pay higher prices, or do without. If consumers do without, that hurts manufacturers and importers as well.
Tariffs are also a clear picture of the good or bad productivity of a country. The US are stuck with high wages poor plant production lazy r&d way to high profit margins. China is the exact contrary, this leads to the actual clash. But China will win, they earned it, in fact they are know isolating the US.
It is debatable if China has earned their place. They copy and reverse engineer many products and then use low wages to produce the items. The “Chonda” engines are one such example.
Much of the industry in China was established by US companies to take advantage of low cost labor.
Our corporate leaders have chosen to build new factories in China and Mexico instead of reinvest in older factories or build entirely new factories here in order to bolster profits by using low cost labor areas.
Now it has come full circle where a whole generation of people with production experience have retired and we would have to start from scratch to build things here again. Much like when Stanley Black and Decker wanted to try to make Craftsman hand tools in Ft Worth, TX. They struggled to produce tools to a certain level of quality and also struggled with finding qualified workers to the point they gave up on the idea.
Corporate greed has brought us here. I don’t think China has earned anything, I think we helped in giving them what they have at the expense of our middle class.
It is our bad colonial habit of thinking that these asians counries, China, Japan, Korea, Vietnam etc are brainless laborers that could only obey to our diktats. If we want to save our children, and give a chance to open their horizons on future we should send them for a short vacation in China.
I still cant understand why people think that if the Americans put a 25 percent tariff on Canadian imports that we the consumers would pay for it. So frustrating. There are two types of tariffs: import and export. There are also two economic relationships: buyers and sellers. Work through the 4 permutations of this with keeping in mind which government is collecting revenue from each situation.
Sorry Donyboy had to vent. Great video by the way. Oh, for the comment I really want to make: if tariffs come into effect do you you think this might be a 'golden age' for repair shops because fixing things is cheaper than buying new?
Milton Friedman explains tariffs very well!
No doubt about it.....the consumer pays. As you explained, the least able to pay the "tax" are the lower earners....like myself. Many persons do not realize the thin profit margin that industries operate on. Best of luck to you in the future. I apologize for the acts foisted upon us by our present government.
Thanks for that very informative video. If those parts you bought in bulk for your shop, say carb kits for Briggs engines, and are on back order in the US or even unavailable, and I were to purchase 2 carb kits from you and pay you directly with Venmo or any payment app, and the price is cheaper from you, would the tariff situation, if in affect make that carb kits I bought from you more expensive?
It won't be more expensive for him or you in the purchase transaction, but the parts will cross the border into the US and will go through US customs, who will assess a tariff or duty on them, and you'll have to pay the tariff or duty amount to the US government in order to have them "imported".
Awesome video buddy
in many cases, tariffs end up being passed on to consumers in the form of higher prices. However, Canada (or any country facing tariffs on its exports) is concerned about tariffs for several reasons:
Reduced Competitiveness - If Canadian products become more expensive due to U.S. tariffs, American consumers or businesses might switch to alternative suppliers from other countries or domestic producers. This can hurt Canadian industries.
Lower Export Demand - Higher costs can lead to a decline in sales for Canadian companies exporting to the U.S., potentially resulting in job losses and economic slowdowns in Canada.
Don, where did you get that STP sweater???
I bought a stp t-shirt a few years ago at Canadian Tire.
I haw bunch of tools and electronics frome 1970s , made in CANADA
Good luck finding anything made in CANADA today.
If name brands are manufacturing parts in China, they're not likely to move the production back home. They're going to move it to another low cost country like India, Bangladesh, Thailand, Vietnam, Laos or Cambodia, where there are no China tax. It's like with wrenches, you can buy a very nice Asia made Tekton or similar for 35 bucks, or i can have my US-made Sturtevant Richmont or Snap-On torque wrench at 500 bucks+
We the people will be paying for all this bs.
Yep.
I buy local whenever possible. Even if they cost a bit more. If not available locally I try to buy North American sourced products.
Years ago there was an 8% tariff on printing coming in from the US.
A Conservative government ended that and US companies cherry picked our largest jobs and successfully ended large print firms in Canada.
It was a time where the "level playing field, trickle down" theory was in Canada US and England.....then all the jobs went to China.
Thank you Mulroney, Regan and Thatcher.
Yes, "Reaganomics" and the "trickle-down" economic theory - where the wealthy accrued more wealth, and the poor got the shaft.
Well said !
I can't do politics because, I'd tell other countries to f*ck-off and, keep everything to ourselves. Canada has enough resources to be independent BUT, the people who owns and run everything, are NOT Canadians so, that's why I can't do politics.
The STP sweater is cool.
Toro timemaster is made in Mexico 🇲🇽 on the box
Excellent job on explaining tariff
Thanks for the video Donny.
Well done. Very well explained!😊
tariffs decades overdue. for 30yrs my grandparents got on busses with other seniors drove to winnipeg for cheap prescription drugs or die health insurance very expensive here nothing in canada. usa dairy pricing system is based on supply/demand canada is quota based they truck raw milk into usa milk processors buy it cheap regardless where from and how much volume american dairy farmers make thats what drove us small farmers out of business forever. 1979 iran oil worker strike caused $23/barrel crude oil to spike $39/barrel overnight oil companies imposed 40% embargo lasted to 1974 drove small companies out of business & created fuel injection technology. those gas shortage years 1979-1974 gas station pumps were empty by 10am had to get in line early next morning to get gas for the day gas stations had 50gallon limits I was 9yrs old dad had me drive farm truck to gas station lines of cars 7am everyday for tractor gas sometimes 2 1/2 hour wait keep windows rolled up because angry people picketing/yelling at me to GO HOME STAY HOME back then it seemed embargo would never end
When it comes to power equipment, Canada's at a disadvantage as most of the big players are making things in the U.S. I would like it if at least Honda made power equipment in Canada, but doubtful. The only big power equipment made in Canada is usually for riding equipment so lawn mowers and tractors and that's typically limited to snow blower attachments. The tariffs we have here aren't for competitive reasons, they're imposed as a retaliatory measure against a man who doesn't have facts (or the intelligence) for reason to impose them within the U.S., claiming that the U.S. is being taken advantage by others when the opposite is true.
I find it interesting that not even 20-27 years ago MTD used to make snow blowers and other power equipment here in Canada but now that facility is basically a glorified warehouse in Kitchener. My Grandparents house is a short walk to what used to be MTD's factory and currently its warehouse.
To me, with the trade relations, tariffs can be a bad thing as trade between countries (especially the U.S. and Canada) can be a good thing, if done properly and everyone follows the same rules.
Consumer only pays the tariff if they buy that item vs the item from there own country.
Simple as that.
Yes it limits your choices.
It’s a shop local on a grand scale.
It’s not a 25 percent on the retail purchase price. Tariffs are collected on the wholesale cost paid by the importer not on the retail price which includes the markup.
So a unit that is imported by a distributor for $600 sold wholesale for $800 and retail for $1000 will not be $1250 with a 25 percent tariff it should be $1150.
Great video 👍
Donny I live in southern WV and you definitely explained tariffs perfectly! I personally believe tariffs do have good points about them but they do have a lot of bad points about them as well and yes people that don't make that much money are the ones that it hurts and that's the bad points of the tariffs, just as you were saying
Great video Dony ,if it were that simple. I live in the United States and in the last say 60 years or so ,Industry has moved out of the US into Mexico and other countries because the labor was cheaper and plentiful . Fast forward to 2025 and our President wants bring back these industries which would cost millions and millions of dollars and many years to get them up and running . We still have labor unions ,though not as string as they used to be ,are still to be considered. The people of this country ,like other counties have daily needs for goods from where ever they come from. Canada , Mexico, China are not receiving this well. The American people aren't either. My understanding ,like you stated , If we import oil from Canada , the importer US pays the Tariff that our President imposed. He then passes that money to the our Treasury. The import then will raise the price of the gasoline. We are hoping and praying that the President will back off of this so as maintain good trade relations with our neighbors! I am more concerned about shortages over higher prices!
The proposed tariff is to encourage Canada to maintain its borders
@@rk22cc They already do… 🙄
@@Michael-Makes-Stuff because of the tariff
Well said without leaning to the right or left.
Turnip is hoping companies absorb most of the tariff. They can do that because the greedy bastards are charging too much as it is.
If we had adults in Ottawa this is/was easily avoided.
Just don't vote for PP. He's chumming up to his wealthy friends to keep them rich and us poor.
we the consumers are the one that gets screw by this.. as always.. and you think an american would work in a factory making minium wage these days?? Hell no.. would need 2 to 3 jobs to survive these days.. everything is so damn expensive..
It's very difficult for a westerner to think like anyone other than a westerner. As far as Canada, you're pretty well right. But when it comes to communist China, that's not exactly how tariffs work. There, tariffs will work in the way the Chinese government wants them to work. If they want to pass the costs on to the buyers of China made products, they can certainly do that. However, many of those buyers are very price sensitive. That's why they're sourcing in China to begin with. If prices increase, they'll just source their manufacturing somewhere else and China will lose a lot of business. Since a communist government doesn't have to actually make a profit and they own all manufacturing in China, they can increase their subsidy and keep prices pretty much the same.
The tariff is a negotiating point. The first one to fold is the loser. Trudeau is folding first.
Not true. Trump put off the tariffs against Canada for 30 days.Not long after Trudeau threatened massive counter tariffs on US goods. That's a win for Trudeau. There are high level negotiations going on right now in Washington between Canada and the US regarding the tariffs. We'll have to wait and see how that goes.
@@davidquinn6161 It's a Trump shit show. Announcing these tariffs was just red meat for his idiot base. Makes him look like the "badass" because the optics are that he's dictating terms to Trudeau.
@@sharkusvelarde keep thinking Canada is on the winning side. The US writes the checks.
a tariff? more cost?
then I wont buy.
There is only one for 10 percent on China. What is wrong with people.
Biggest problem
With tariff is when the seller or supplier just marks things up that extra 25% even if the tariff doesn’t apply, they will get greedy, and why just 25%, might have to get an extra 5-10% just to cover the admin cost of paying that extra 25%, the consumer is going to get boned in the rear on this one
In Ontario, stock up on booze etc., BEFORE 15 Feb. and have a big lunch. The 15% tax goes back on. It should be kept OFF. Doug has promised to lower Gas Tax if elected. Just sayin'.
Your example on Friction Discs is Wrong I believe. M'f'g'r's don't pay the Tax. Everything will increase and we have no say in the matter. Trump will back down somewhat. The scary item is ELON MUSK
Great video Dony!
It will be bad!
Just another tax. Governments can't manage their budgets now. The money they get from tariffs will be mismanaged too.
Tariffs work, it’s a good tool in the arsenal and it’s also not true in most cases that the purchaser eats the whole Tariff, a lot of the time and I’d say most of the time all three parties eat part of the Tariff starting with the manufacturer in their negotiated price to the wholesalers, yes prices go up for everyone but all three parties touching the product share in the tariffs usually
Looks like NAFTA is dead.
You dont have a good sense of how tariffs work, but I see other comments already pointing it out.
What you said is true, but due to our capitalistic society, companies in the small engine industry have been price gouging and overcharging. How else do you explain that an OEM Nikki carb costs $170, while the same aftermarket carb costs $18. There is not other explanation for there being that much of a price difference. At least in the US, the problem is US companies price gouging. I have 3 autoimmune disorders. My primary medication costs $4,936 per dose in the US (I take it once a week), while it is currently $115 in Canada for the same medication, and this medication has been on the market over 20 years. We have put ourselves in this situation through greed of American corporations. Charging tariffs on other countries' goods is not going to positively impact America's economy.
Suck to be poor 😢
Don, Dumping Product into a country😊
That includes Parts😊
You’ll end up paying more local tax as well like VAT as the base price is now higher
The threat of tariffs can also be used to convince a country to alter a behavior that is harming your country's citizens. If that country plays ball, the tariffs don't happen and it's a win-win for everyone.
@@elcheapo5302 Except Canada is doing their part already… Check the facts, not the right wing rambling b.s.
Hi Don
Hey buddy!