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Dear Valued Client,
Following our July 4 update on upcoming tariff changes, we’re pleased to share a more favourable outcome.
The final U.S. tariff determination for EU-originating products is less severe than initially expected. As a result, we are pleased to maintain our existing 5% tariff surcharge on the vast majority of our products, and will not be implementing the previously anticipated 10% surcharge for goods sourced from the EU.
A small number of products sourced from other markets such as India and the Far East, currently subject to U.S. tariffs of up to 55%, will incur a higher tariff surcharge, limited to 10%.
The following tiered tariff surcharge structure will go into effect on August 7:
- 5% Tariff Surcharge: Applies to products from countries with U.S. tariffs up to 20%, including the EU, UK and Turkey, and covers the vast majority of our product range.
- 10% Tariff Surcharge: Applies to a small number of products from regions with tariffs exceeding 20%, including India and the Far East.
We will continue to monitor the evolving global trade conditions and adjust these surcharges, if necessary, in accordance with any changes to tariffs.
Applicable surcharges will be displayed and updated on our Trade website. Please refer to our Trade website for the most up to date tariff surcharges for individual products.
We are grateful that this resolution allows us to limit the cost impact for you, our valued clients, while continuing to absorb the broader effects of a weakened U.S. dollar and rising import costs. As previously communicated, we intend to keep our base trade prices unchanged through the end of the year.
Please note: All open orders and reserves placed prior to August 7 will still be honored under the current, single 5% tariff surcharge, with a two-week grace period extended through August 20 for items transitioning to the 10% rate.
We truly appreciate your continued support and flexibility. Should you have any questions or need assistance managing current or upcoming orders, our customer service team is here to help at 1 800 338 2783.
Warm regards,
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