Tariffs for Classic car VW parts How will this effect U.S.? Maybe not as bad as you might think!

[@JamesBrown-126]

Yes I'm hoping that this will increase the production of parts here in the good ole U S.A. 😊

[@Mikefngarage]

maybe grumpys metal will ramp up production for other parts. Since he will get a corporate tax break. 15%.. for stuff made here. I hope to see him soon.

[@dh7277]

Mike- love your VW content. your comments about Canada are way off. Sounds like you are talking about Canadian Retailing as it was 30 years ago. Retailing is a competitive business in Canada as it is in the USA. Canada’s main challenge is we have a geographic area bigger than the US with 1/10 the population. Critical mass is hard to achieve outside major Canadian cities. Canadian Tire is a successful retailer in Canada as is Costco a US based company that operates successfully in Canada. Amazon delivers to my door with 48 hours at competitive prices. Target stores in Canada were terrible nothing like the USA Target stores. Canada is a very different country with a different history than the US. We don’t want to be American we want to be Canadians- no judgement we just have different perspectives. Trump has declared economic war on us for no real reason. His tariffs will hurt both Americans and Canadians- for what purpose? We can achieve much more together. Unfortunately the current US administration operates on a we win you lose mentality. I guess that works well in NY Real-estate- not so much in International relations.

[@glenzwickerjr9098]

@dh7277 love his content too but he doesn't have a clue about us Canadians ...Get educated please

[@Mikefngarage]

all I know is what I see. I am not saying I agree with all this stuff but I do see what is not fair. It is very one sided. We have TD banks and Scotia banks here in the US now. No American banks In Canada. Listen objectively.

[@Mikefngarage]

I think my point was that there is probably a way to make a compromise. And that would probably be require that the Canadians let down some of their. Canadian first laws that would make it more fair for trading between the US and Canada which I think both countries would benefit from. some of those laws are making products much more expensive to the Canadian consumer. Which I do understand about the geographic area of Canada. How large it is. Believe me. if the Canadian businesses were forced to do a more competitive business. It would benefit their GDP as well which at the same time would make a more fair a trade agreement with the US.. just my opinion from looking at both sides of the fence. I do have a great deal of experience and relationships with people in Canada. ​@@glenzwickerjr9098

[@luamanlabs]

@@Mikefngarageiirc, Vance released a statement I think either this morning or last night, stating that they had been in the talks with the Canadian gov after the election They wanted us to increase our defence budget from 1% to 5% of our GDP, and deploy more troops along our border. From my understanding, the Canadian gov said no and apparently that’s the reason we’re being hit with the high tariffs, which I expect will go up even more (I think Trump said up to 50%) if we don’t do anything until the US admin gets what they want I’d like to think that these measures are to strong arm us into doing what the states would like, and would (hopefully) go away once things get resolved, but we’ll have to see I think there’s been a month pause on the tariffs on Mexico while the two countries are entering into negotiations

[@davidhopkins6517]

@@Mikefngarage Here is some info from the Financial Post today "Domestic banks, led by the Royal Bank of Canada, dominate the Canadian market, but U.S. banks already have a presence in the country. For example, J.P. Morgan Chase & Co. employs 600 people with teams in Calgary, Montreal, Toronto and Vancouver, according to its website. Similarly, Citibank Inc. in 2019 celebrated 100 years in Canada. U.S. banks are also members of the Canadian Bankers Association, which represents more than 60 banks. The CBA said U.S. banks make up half of all foreign banking assets in Canada, with 16 subsidiaries and branches worth around $113 billion in assets. These banks provide financial services, such as corporate and commercial lending, treasury services, credit card products, investment banking and mortgage financing, it said".

[@charleslawrence7194]

Too soon to tell yet. Two days after the orders, agreements made and tariffs avoided. Thanks Mike.

[@vayabroder729]

The Chicoms are funny; using the Berg name. Sacrilege 🤣 Agree with you 100% on the Mr. Kepler analogy. Daddy’s home.

[@Mikefngarage]

yea look on Ali express and look for Sherry berg parts. Egas carbs and pointless. you will be LMAO

[@hankh4305]

Hi Mike, Im a Canadian living in Canada. It will be tough for the next while. Love your content and appreciate your point of view.

[@Mikefngarage]

Thanks and I truly hope it all works out sooner than later. There is so many people that are blaming ME.....I am just trying to make sense out of it with information that I have. Lets hope the leadership will come together somehow. I have been watching more recent videos that he is saying there may be a path to removing the Tariffs. Lets hope they do.

[@sevenoaksbrewing]

Seems to be many parallels between Canada and California.

[@Mikefngarage]

yea but their Canadian first laws are even worse. totally suppressing the people.

[@sevenoaksbrewing]

@ Different causes, same effects ☹️

[@Baked_intell]

I got my bumpers shipped from vietnam 2 weeks ago 😂this is why wasn't taking chances but your right might been 50 more with a scary sounding tarrif

[@marksheppard0530]

You guys in the US don’t realize how good you have it. Building a beetle in Australia is getting out of control with the prices. We pretty much double the price on everything down under with shipping costs and our dollar.

[@Mikefngarage]

for sure you guys are getting raked over the coals. Feel for you brother.

[@mulder52]

We were all told the tariffs were imposed because of illegal imigrants and fentynal. Each of which is less than one percent of whats coming into the US from Canada.

[@Mikefngarage]

Yea he has been saying that but the real truth he has also said which is all Canadian trade is one sided. Which I have seen for years.

[@mulder52]

@@Mikefngarage Canada's laws haven't changed in the last 4 years after he signed the trade deal he boasted about in his first term. That said, I love your VW content and look forward to your expertise on your next project.

[@jontg429]

Nobody wins in a tarriff war, its a lose lose.

[@Mikefngarage]

negotiating tool. True....Leveraging is a technique business people use to get the job done.

[@frankberrisch4474]

Mike looking for a 74 mm crank. Canada is suffering enough with our low dollar Terrif for Canada 🇨🇦 now choice all US booze has been taken off the shelf here as of today Canada 🇨🇦 love your channel Mike 🇨🇦 ❤️ t

[@Mikefngarage]

wow bummer....lets hope in the future it changes things.

[@Mikefngarage]

Cip 1 will have it I believe. Unfortunately the CAD will probably drop even more. The CAD was going above the USD for a while when we were buying oil exports. All stopped with the stopping of the pipeline.

[@Mikefngarage]

I really dont like seeing this stuff happen to Canada.

[@bunning63]

Amazing comment that the higher quality parts come from Taiwan. Who would have thought that years ago, if you're old enough and can remember?

[@Mikefngarage]

yea true....I remember total crap from there when I was a kid.

[@bunning63]

@Mikefngarage yeah, when we were kids, we're giving our age away!

[@hitman49ful]

I like your videos keep it up ! But you don’t treat your neighbors that have supported your country through world wars 911 forest fires ….. by hitting us with 25% tariff Sorry i will shop Canadian from now on . I owned property in Washington state , vacation down there every year

[@Mikefngarage]

I am trying to be objective and I think time will get this figured out. I dont necessarily agree with the tariff. I didnt do it. but I do see some reasoning of why.

[@brilog69]

Good points Mike! Any thoughts on rumors' of $5.00 gas coming? Oh wait, CA has it that high already.

[@Mikefngarage]

Yea it is here....OMG yea....This state is unhinged.

[@cesardelao6801]

Let's be real, American businesses are no different than the Canadians in a "First Economy". Companies will never lower their profit margins. Even with tax cuts we didnt see companies go out and say "because of corp tax cuts your prices are going down!" Once we give profit on their high prices they know they can charge anything they want. So its wishful thinking, only thing that can offset this is higher wages. But we all know how far we've come in wages.

[@Mikefngarage]

the corporate tax cuts in themselves maybe not but the competition created by more companies getting in the game absolutely will create price wars and lower pricing. Competition is the only way to stop corporate greed. feed the animal.

[@ReeHernandez-z8z]

We order loads from cip1. My first thought about tariffs.

[@Mikefngarage]

so far their prices have not changed. Maybe they will ad it to the cart.....I am not sure Maybe they have another source to ship them through? Drop ship.....across the boarder. I dont know. Lets hope for the best. Lots of guys order from them. This is part of why I addressed this.

[@ReeHernandez-z8z]

@Mikefngarage Thanks! I believe they also ship out of Washington State too. I do enjoy ordering from suppliers of vw parts as we reside on Big Island of Hawaii, not easy here lol. Appreciate all your content let's get you to 100k

[@ChargedMotion]

Last week a company spending $5-10 million on AI took out $1 Trillion in market valuation in one day. An overreaction. Now again, I believe those with strong political opinions are over-doing it. Some do not know some of the actual facts around the specifics with these tariffs. Firstly, Canada the EU and even to an extent the UK impose many tarrifs on U.S. items that we do not on theirs. Then, there are total outright bans where they will not allow certain goods like automobiles, agriculture at all to be imported from the U.S.. On top of that, some countries actually block certain sectors of our businesses to open up in thier countries (Banking in Canada). Just because something has been going on for sometime doesn't make it right. And this does not even consider the lackluster response from our southern and northern neighbors on cited factors why the tariffs are being imposed on them. On the flip side, the items from those specific countries w/ tarifs will initially go up in price, but usually not as much as the tariff. This will cause the market & consumers to adapt in different ways over time. Some ppl will pay the higher costs, while others will switch to a similar product made in a different origin. As time continues, businesses in other origins will actually see an opportunity to replace the products w/ thier offerings at a much more competitive price compared to the initial increase.

[@Mikefngarage]

all good realistic points. This might bring us all to more free trade. Even though I love our neighbors to the north at the same time I want them to flourish. The only way they can do that is if they bring down all those Canadian first rules and this will make their companies compete globally which is what made America great in the beginning. The management style of trump is a bit abrupt and I may not agree with that just like Mr Keppler but it is effective.

[@robertgeary7520]

👍

[@blacksmithnc]

Mike I think I had the same teachers . My shop teacher had a cast on his hand because he took a kid outside and caved in the locker when the kid ducked. My take on the French is opposite of yours, they are about as liberal as it gets. Look at what France has become.

[@Mikefngarage]

From what I know the French Canadians are more conservative.

[@vintage76vipergreenBeetle]

We will see, what happens. I haven't bought parts from cip1, for over 10 years. Poor customer service from them.

[@chrisbegger8684]

While I'd love to see you get back to the technical videos so I can build my 1904cc or learn how to paint my Ghia on a budget, but you are talking about something we are all thinking about right now. If I could subscribe twice I would. I love Canada, but Trudeau has really Wimpified it. Some Canadian subscribers may not want to hear it, but like Lizzo said " Truth Hurts".

[@Mikefngarage]

Yes I will be doing that.....I just see all the stuff on the tariffs right now and panic is coming around. I wanted to make a video on this just because of that. Will continue on the Tech and vw content. I really hope we dont loose any parts vendors over all this change.....But some things need to be said and addressed. And of course several un subbed again. No big loss to me. Truth is told on this channel even when it hurts some people.

[@hitman49ful]

100% terif on tesla

[@Mikefngarage]

I think the far left is already doing that. THey are selling them like crazy.

[@aaronhooks6258]

Tesla is building a "giga factory" in Mexico. So much for Elon trumpeting "America First". I have a feeling he will be excluded from any tariff......

[@paulhorvath-ve7to]

love the vw content but don't need to hear about trump. cip1 still has good prices for bbt bus metal and free shipping makes it cheaper than ww.

[@Mikefngarage]

everything should be fine. Dont think any of this will effect us much. Some parts maybe but over the long haul it will probably be better. Yea BBT is great. Check LIND vw bus....If your in socal he gets container loads of BBT. about 1/2 wolfsburg west.

[@Rockythevw]

Polievre was born in Calgary

[@Mikefngarage]

Looks to me like a more conservative area than Vancouver and Toronto. kind of like here.

[@martinharris5017]

Last time Trump was in the "Oval Window office" a lot of production started to creep back into the US and with it came an improvement in quality. Canada? With Trudeau on the way out, and a likely swing back to right wing government in due course, I'm sure there will be deals done regarding the tariffs. Here in NZ some initial panic from our left-wing biased media reporting soon gave way to some assurance from our current Trump-friendly government. The mood here is generally positive with regards our US relationship. The tariffs are mainly aimed at the CCP and much of the rest is collateral. Trump knows damn well he can't be seen to be singling out China without being accused of escalating WW3 (something he doesn't want). So everyone outside the US gets a tariff by default and then they can negotiate and get a reprieve or a deal.

[@Mikefngarage]

Yes sir....I really think Canada will be better once a deal is cut. He has said he would be looking at them. I just hope it is sooner than later. That Tariff will kill canada if it goes 4 years. It is a powerful leverage move.....I dont totally agree with it but it is what it is and good can come from it.

[@stephenport4768]

Politics is a dirty game and its a shame can't fathom what Trump will do to the UK with our new administration I fear the worst but who suffers overall us the people and hits all of us in our pocket

[@TechTokOffical]

Well considering he ran on NOT MAKING IT WORSE, IN FACT HIS CLAIM WAS "IT WILL ALL BETTER. CHEAP GAS, CHEAP EGGS AND THE LOWEST INFLATION." Now u move the goal posts from "sleepy Joe's inflation is too high, we can't afford anything" to "well...maybe it won't be THAT bad" Simping for billionaires...so pathetic

[@Mikefngarage]

everyone wants instant gratification. this is part of the problem of the world. Positive thinking will be better than looking at this with negativity. I think everything will get in line sooner than later. and this will not benefit the billionaires but the people. IMO....no way to know that in advance.

[@BashBug71]

Please stick to VW content. You voted for him. Sit back and enjoy your ride.

[@Mikefngarage]

I know what he is doing.....and it is working.

[@freddyhat9796]

I just did some calculations and it seems to me that a 10% increase in wholesale results in an equal percentage increase in resale. If you wholesale price is currently 1 dollar and the wholesaler doubles his money. 1x2= retail 2 dollars Tarif increases wholesale by 10% Wholesaler still doubles his money so 1.1x2= retail 2.2 dollars This results in the same increase in price for the consumer as adding 10% to the 2 dollar retail price. The taxman just makes les profit by taxing wholesale, the consumer still pays the same in the end.

[@Mikefngarage]

not a whole 10%. they would have the same dollar amount of markup at a lesser markup. Can still make a similar profit amount at less markup.

[@freddyhat9796]

@@Mikefngarage i just hope there's also a carrot to go along with the tarrif stick. if you want to discourage import you need a system that stimulates domestic manufacturing at the same time by subsidising and tax cuts to make it work.

[@JDSpook]

Good vid, Mike. Time will tell how this all works out. 🤞

[@Mikefngarage]

Lets hope it does. I love the Canadians and Americans. And do see the unfair trade. Maybe this was not the best method of doing things. But I do hope it all works out soon.

[@JamesBrown-126]

Everything you said about buy Canadian sounds about right to what I remember as a kid

[@hitman49ful]

CIP Parts is a Canadian company !

[@Mikefngarage]

Yea that was my worry....So many Canadians could be effected if they do the Tariffs. Lets hope it stops here.

[@hitman49ful]

The orange man is getting rich !

[@Mikefngarage]

more like paying down the national debt. He is not even collecting his salary.

[@monkeysuncle2816]

"Canadian business owners were getting FILTHY rich..." Wait, you mean all that wealth DIDN'T trickle down to the people? 🤣🤣🤣 No shit, sherlock. You mean those business owners didn't create the business, take all the risks, therefore deserve to make more money? You sound vaccinated.

[@Mikefngarage]

Rich because of one sided laws. if your the only business providing that product because of all the red tape in government laws that keep them from having competition. it is not capitalism but special interests that benefit.