Chinese Tariffs: Effect on Injection Molded Plastic Articles Made in China

[Ace-Garageguy]

Lately, there's been speculation about the cost of plastic kits rising due to the current administration's trade relationship with China.

I recently received this communication from one of the companies in my professional network, and thought I'd pass it along to help allay fears of looming price increases.

from www.ICOMold.com:

The recent announcement regarding a 25% tariff on certain products coming to the United States from China has some customers wondering if that will affect their pricing.

It's a fair question, considering we have a manufacturing plant in Shenzhen, China.

The answer is NO, the new tariffs will not affect the price of our plastic parts, nor the pricing for injection molds imported to the U.S. from China.

According to the revised Harmonized Tariff Schedule, the codes we use for injection molded plastic parts, CNC machined plastic parts, and injection molds are NOT subject to the 25% tariff, and we will not be taking any pricing action.

It's also important to clarify that customer-owned injection molds that we manufacture in China, that stay in China, are not subject to tariffs. This may seem obvious, since they're not imported, but we've had customers ask about this, so we want to alleviate any concerns about production molds that stay in China.

For more details, including links to these particular product categories in the schedule, please visit the China Tariffs page of our website.

 

 

Edited July 18, 2019 by Ace-Garageguy

[oldnslow]

Well , that's a bit of good news .