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Dear Valued Client,
As you may recall, we introduced a 5% tariff surcharge on April 28 in response to the evolving U.S. trade tariffs. Since then, there have been further developments at country level that we want to keep you informed about, especially as they may impact your future orders.
Recently the U.S. government sent official notice to the European Union outlining plans to implement a 30% import tariff on all EU-originating products, expected to take effect on August 1. Unfortunately, this would affect the majority of our product portfolio.
In response, we’ll be moving to a multitiered tariff surcharge structure based on the country of origin:
- 5% Tariff Surcharge: Applies to countries subject to the U.S. base tariff of 10%. This includes some important sourcing countries such as the UK and Turkey.
- 10% Tariff Surcharge: Applies to all regions subject to supplementary tariffs of up to 30%, including the European Union and the Far East.
These changes are planned to take effect from August 2, pending official confirmation by the U.S. administration on August 1.
While the situation remains fluid, we kindly recommend placing any outstanding orders before the end of July to avoid potential increases. That said, we will be honouring a two-week grace period up until August 15 for all open orders and reserves placed under the current 5% rate.
We know these changes present challenges, especially in a market already impacted by the sharp decline of the U.S. dollar and increasing costs. In light of this, we’ve made the decision to keep our base trade price unchanged through the end of the year as we continue to navigate the situation thoughtfully.
We’re truly grateful for your continued support and understanding. If you have any questions or need assistance with upcoming orders, our customer service team can be reached at 1 800 338 2783, and is always ready to help.
Warms regards,
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