Turning Archive 2005
Fred in NC
>It appears that the yuan (Chinese currency) is going up. The initial 2.1 percent increase is an indicator that our imported tools will soon cost more. The retail prices will probably go up by 10% as a result. Further increases are expected.
While this will definitely affect the cost of a lot of our tools, I hope soon our industry will be revived and we will, once again, "be proud to buy American."