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Manufacturers of Store Fixtures and Displays, Since 1925

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Tariff Increase?

February 20, 2019

The Office of the United States Trade Representative is expected to deliver the decision from the Trump Administration on March 2 regarding whether the 10% tariff on $200 billion worth of goods on products imported from China will increase to 25% or remain the same 10% until some future date.   U.S. Customs and Border Protection have been collecting the additional duty since September 24 and so far, the increase in prices has not dramatically affected the market so far.  
 
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.
 
Should the tariff be increased to 25%, it 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.