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Posted by Doug on December 10, 2024, 16:35:12, in reply to "Re: Toymakers panicked"
The auto industry is a warning. In the 70s and 80s, when tariffs increase the price of Toyotas and Hondas, GM and Ford raised the price of their cars to match. 
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Probably not. In order to do that, someone has to obtain manufacturing space, buy specialized equipment, hire and train employees to do things that they have no prior experience doing, etc, etc. It’s a hugely expensive, time consuming investment. There’s no guarantee that the domestically made kits will end up costing less than the foreign ones, even with the added tariffs. And what happens if after all that effort, the tariffs get dropped?
Is this an investment you would make? Previous Message
Or maybe these tariffs might open the market for new domestic manufacturing. Previous Message
With 80 - 90 % of plastic kits being produced in China, modeling is going to become an even more expensive hobby (in the US). Previous Message
Nearly all toys in the U.S. are imported.
[url= https://www.npr.org/2024/12/09/nx-s1-5215842/toymakers-trump-tariffs-china-mexico ] https://www.npr.org/2024/12/09/nx-s1-5215842/toymakers-trump-tariffs-china-mexico
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