Impact of the $200 Billion China Tariffs:
10% Now and Increased to 25% January 1, 2019
It appears that each news cycle provides more information on the current and impending tariffs on imported goods.
We at Deco Products have been following these discussions and finally implemented measures. Please see the following links for more information about these tariffs affecting the parts that likely interest you and our whole economy.
According to Businessinsider.com:
President Donald Trump kicked the trade war with China into high gear Monday, formally announcing the imposition of tariffs on $200 billion worth of Chinese goods. The tariffs cover a wide array of goods, from minerals used in manufacturing, to vegetable juices, to leather handbags. All of the goods with face a 10% duty until the start of 2019, when the tariffs will jump to 25%. While the Trump administration is downplaying the effect of the tariffs, many economists expect prices for these goods will increase once the tariffs are officially imposed on September 24.
Click here for viewing or downloading the official government document describing tariff. Page 175 lists zinc and aluminum categories.
As Dave Magner, Director of Sales/Marketing, states “As a Made in the USA manufacturer, our customers appreciate the value that we bring. Since 1960, Deco has been a reliable supplier of precision zinc die-castings and a valued partner of our customers. In today’s world, we provide less risky logistics, better lead-times, and ultimately great solutions to our partner/customers. All that and now our quotes are not affected by tariffs and we can be an even better value”.
Regardless of the tariffs, for many years, we at Deco Products strive to be globally competitive for our zinc die-castings. These efforts for efficiency gains and investing in technology have been successful, but with further tariff penalties of offshore sourced parts Deco’s value is further elevated.
Please know that our Sales Staff would like to review any parts that could be brought back to the USA and provide a great value and solution to you!
CLICK TO VIEW CURRENT AND PAST DECO E-NEWSLETTERS
- Deco News – October 2018 (PDF Version) (Web Version)
- Deco News – December 2017 (PDF Version) (Web Version)
- Deco News – April 2017 (PDF Version) (Web Version)