Travel is back, baby

A coworker just returned from vacationing in Greece. He said there are no quarantine requirements, provided you have proof that of full vaccination, and a recent negative COVID test. I don’t suppose other European countries are any different. Hell, Britain is opening back up fully from the pandemic today. Travel is back, baby!

Too bad I have no desire to go to Europe. At least not right now. I yearn to go back to Asia, but sadly quarantine restrictions are still in place in places like Japan and South Korea. The athletes and surrounding cottage industry of people flying to Tokyo right now for the Olympics? They have to quarantine before being let out into the general population.

A population with low vaccination rates. It’s not good at all when Olympic athletes are already catching COVID, even whilst fully vaccinated. The delta variant is no joke, and it is rather shocking to see Japan going forward with the games, despite all the signs pointing to at the very least another prolonged postponement. Remember: the grandstands are going to be empty!

Stubborn pride of Japanese, perhaps? Having the entire world come to your doorsteps, while a global pandemic is still very much happening, can’t be a good thing.

It will certainly delay any relaxation of quarantine requirements for foreign travelers. Good thing I’m not pining for Japan as much as South Korea and Taiwan. Hopefully I will be able to visit either of the latter two countries during Thanksgiving week. More likely it’ll be South Korea as the vaccination program there seems to be going well. Fingers crossed!

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Urban decay.

Trump threatens Germany with car tariffs

People in the car forums I frequent are up in arms about President Trump potentially slapping a 20% tariff on German-made vehicles. Rightfully so because who would want to pay 20% more on already expensive German cars. Though I think if tariffs were enacted the situation won’t be that simple. 

Contrary to popular conjecture, people who can afford luxury vehicles are highly price sensitive. They haggle just the same as buyers of Toyota Camrys. Even the super rich would setup LLCs in Montana, register their vehicles under the company to avoid paying hefty license fees in their home State. Bottom line is that nobody wants to pay a penny more for a car than absolute necessary. 

Therefore if Trump imposes the 20% tariff, automakers like Mercedes, Audi, and BMW aren’t going to suddenly raise the MSRP of their cars by equal measure - doing so would crater sales (simple price elasticity). Not only will higher prices be a deterrent, but consumers know that it’s because of tariffs so one they aren’t going to pay extra for the President’s stupid trade-war and two they will simply wait it out until the two sides come to an agreement. 

I think the manufactures will raise the prices a bit just below what people are sensitive to, and then eat the rest of the costs for the time being - they’ve certainly made enough profits from selling SUVs the last few years to cover. Nevertheless it’s going to negatively affect the bottom line and the German government will be lobbied heavily to mediate. 

One thing is for sure: more people aren’t going to start buying Cadillac or Lincoln. 

A certified G, and a bona fide stud.