Some replacement parts to increase in price |
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Some replacement parts to increase in price |
mepstein |
Mar 14 2018, 05:07 PM
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#1
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914-6 GT in waiting Group: Members Posts: 19,313 Joined: 19-September 09 From: Landenberg, PA/Wilmington, DE Member No.: 10,825 Region Association: MidAtlantic Region |
Got an email from restoration design -
To all our valued customers, President Trump has signed an executive order imposing a duty of 25% on all parts produced outside of North America. This will include all parts produced in Europe, China and Taiwan. This order does not affect Canadian parts at this time. If you anticipate needing parts, call us or look at our website to determine which parts this executive order will affect. To avoid the 25% duty rate, parts will need to cross into the USA prior to March 23rd, 2018, when the executive order will take effect. |
Andyrew |
Mar 15 2018, 09:01 AM
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#2
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Spooling.... Please wait Group: Members Posts: 13,376 Joined: 20-January 03 From: Riverbank, Ca Member No.: 172 Region Association: Northern California |
All of the manufacturers in our industry are calling for a 5%+ increase in prices, and manufacturers with nothing but steel materials are calling from between 25 and 40% increase in cost.
I think they are just CYA until the actual numbers come in, in which case they will lower them back down to workable numbers. Its a big hit for our company as we work on about a 5-10% profit margin and thus our profits for existing contracts will be nulled by these cost increases. |
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