Posts Tagged ‘tariff’

Update on Tariffs

Written by Brian Steeves on . Posted in News

In May, we posted an article about how tariffs on goods that we buy from US companies (with components made in or sourced from China) would be going into effect in September. We are receiving notices from our vendors that starting September 1, we will be seeing price increases as high as 25% on materials and components that are made in China.

Is there any good news?

If there’s any good news, it’s that not everything you buy should be affected. Our U.S. vendors are continuing to monitor the impact of these tariffs and are working hard to minimize any impact on their customers.

We will be reaching out to customers who regularly purchase items that will be affected by these tariffs.

will the Canadian countermeasure tariffs affect you?

Written by Brian Steeves on . Posted in Adhesives, News

It’s coming:  The Department of Finance Canada has issued its notice of intent to impose countermeasures in response to US tariffs on steel and aluminum products.

On June 1, 2018, the Department of Finance Canada issued a list of countermeasure tariffs which will take effect on July 1, 2018.  These countermeasures targeted a wide range of products which include (obviously) steel and aluminum but also include stainless steel, food products (stock up on ketchup), paper and wood products, household goods, and some types of appliances.

Where the new tariffs affect us (and our customers) is in the area of adhesives in small package sizes:
"HS Code 3506.10.xx.xx:  Products suitable for use as glues or adhesives, put up for retail sale as glues or adhesives, not exceeding a weight of 1 kg."

Certain adhesive products which we currently supply in 400ml tubes (or smaller) are now subject to an additional tariff upon import into Canada as of July 1, 2018.  As of now, this category of products is subject to a 10% tariff.  Larger package quantities (1kg or larger) are not subject to this tariff.

We are reaching out to those customers we know will be affected by this change, and will work with them to minimize the impact of these new tariffs.

You can see the text issued by the Department of Canada Finance by clicking here.