How Might Trade Sanctions Affect The Coin Hobby?

Discussion in 'Coin Chat' started by tommyc03, Mar 13, 2017.

  1. tommyc03

    tommyc03 Senior Member

    Please, Everyone, do not let this get political, as that's not what is intended here. Many countries as you might know, do not allow the exportation of their coins or "National Treasures". So, how do you see possible trade sanctions affecting the exportation of other coins to our country? Certainly this will not likely affect friendly countries, but many of you collect foreign coins and silver/gold bullion from other foreign countries. Should this be of concern to any of us/you?
     
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  3. Dave M

    Dave M Francophiliac

    Personally I am guessing that it will be sort of a tit-for-tat situation, in the markets where there is enough trade for it to make a difference. I don't agree that ".... it will not likely affect friendly countries" as we have already seen the start of it, and it is within those friendly countries. If the US puts an import tax let's say on cars from Mexico, then it wouldn't surprise me at all if Mexico put a tax on something that affected Americans (travel, maybe). I doubt anyone gets to the level of announcing a tariff on "everything" or specifically bullion.
     
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  4. baseball21

    baseball21 Well-Known Member

    No. It may diminish supply but if you have the money and will pay someone will get it to you.
     
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  5. scottishmoney

    scottishmoney Buh bye

    Mexico is already talking of cutting corn imports from the USA. An interesting thing though is a tax on cars made in Mexico would hurt the American car manufactures like Ford and GM.
     
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