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(May 10, 2019)
“…tariff increase to 25 percent on $200 billion worth of Chinese goods took effect on Friday..”
“With no action from the Trump administration to reverse the increase, U.S. Customs and Border Protection imposed the new 25 percent duty on affected U.S.-bound cargoes leaving China after 12:01 a.m. EDT (0401 GMT) on Friday.”
Additional news about the 5/10 order can be found with this link:25% May 2019
(Dec 3, 2018)
Additional news about the USTR can be found with this link: USTR Jan1 25% HOLD
“US President Donald Trump and China President Xi Jinping agreed Saturday, December 1, to postpone a US plan to jack up tariffs on Chinese goods to 25% — from the current 10% — starting January 1, 2019.
The agreement, forged during the Group of 20 summit in Buenos Aires, Argentina, will put that plan on the backburner for 90 days as the US and China try to iron out a longer-term arrangement between the two economic giants.” LINK:LightReading
(Sept 24, 2018)
“In accordance with the direction of President Trump, the additional tariffs will be effective starting September 24, 2018, and initially will be in the amount of 10 percent. Starting January 1, 2019, the level of the additional tariffs will increase to 25 percent.” Reference USTR.GOV
(May 10, 2019) Majorpower Corporation response:
We are evaluating the current effect of the increase placed on our supply chain. Any rate changes will be communicated to our distribution network as soon as Monday May 13, 2019. Only confirmed orders, at the close of business on May 11th, will remain un-effected.
(Dec 3, 2018) Majorpower Corporation response:
We have been negotiating with supply chain members to mitigate these increased cost. Actions included negotiated cost sharing with suppliers, reviewing alternate production facilities, absorbing cost internally and finally passing some cost through with price increases only where necessary. Increases will be effective January 1, 2019 for all orders requesting ship dates after the new year. The last shipping date in 2018 is December 20th, when all open quotes expire and on-hand orders must ship.
(Sept 24, 2018) Majorpower Corporation response:
The 4th Quarter 2018 is considered a research, discovery and internal planning period for Majorpower as related to the new tariff. We are approaching the trade tariff situation with transparency and building a plan to lessen impacts upon our customer projects in critical infrastructure.
Nutshell: Rates have not drastically changed, if at all, for most clients. Any changes will be communicated through our Sales Department and likely in a phased approach timeline.
Our power conversion products are designed, tested and configured in the United States with a mass production partner located in the Pacific Rim. The recent trade tariff list includes power electronics utilized for Utility, Telecommunications and Critical Infrastructure. Historically, electronic parts and power assemblies have been produced in the Pac-Rim since before our grandfather’s first black-n-white television set with those cute rabbit ears. Our hallmark “in-stock” equipment support means our supply chain is full with finished product that will be available during the transitions negotiated by the USTR.
Check this page for future updates throughout the quarter as we develop plans to support our commercial users.
