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Section 301 Tariffs Now in Place

September 19, 2018

The Office of the United States Trade Representative has announced a 10% tariff on $200 billion worth of goods effective September 24th on products imported from China.  The duty will increase to 25% on January 1.  U.S. Customs and Border Protection will begin collecting the additional duty on the effective dates.  Tariffs include all display fixtures made of metal and melamine.

 

Econoco and Mondo products that are excluded exempt from the tariff include all mannequins and forms, wood and velvet hangers, acrylics, garment covers, steamers and paper cutters.

 

Expect prices to rise shortly. This is expected to be a huge disruptor to an already-fragile brick and mortar retail markets and will have a huge effect on wholesalers and retailers around the US.

 

Here at Econoco, we consider our customers more than a sale transaction.  We value our relationships and we want to assure you that we are following this issue closely.  We have appeared in front of congress to plea for removal of the codes we import under from the 301 List. Although our pleas have thus far gone ignored, we will continue to fight for exclusion.  We will immediately cease to charge you, the customer, this increase the moment the U.S. Customs and Border Protection ceases to collect.