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Over the past several months the U.S. has been implementing tariffs in phases urging China to change their unfair trade practices with the United States of America as well as addressing the theft of US technology and intellectual property. China needs to give fair and reciprocal treatment to American companies.
To date, Cables Plus has not been affected adversely by the implemented tariffs because we source our Fiber Optic cable assemblies from USA and/or South Korea. These products meet TAA trade compliance and we are proud of the fact that we source USA made products whenever possible. Our preferred sourcing of USA manufacturers helps support USA made products that produce USA manufacturing jobs.
Earlier this week President Trump directed the United States Trade Representative (USTR) to proceed placing additional tariffs on roughly $200 billion of imports from China.
According to the President “we have given China every opportunity to treat us more fairly. But, so far, China has been unwilling to change its practices.” Customs and Border Protection will begin to collect additional duties of 10% on September 24, 2018. On January 1, the tariffs will rise to 25%.
These new tariffs may impact some of our manufacturers pricing. Many copper manufacturers are reliant on China for those copper products; such as copper patch cables, power cables, and copper patch panels. The additional tariffs planned to take effect on Monday Sept 24th will begin affecting some of our metal based products.
Cables Plus is hopeful an agreement will be reached soon and we will do our best to hold price quotes on metal products. We will also do our best to update pricing as it becomes available from our manufacturers. However we may receive price increases that will result in higher prices to you. If you have any orders you know you need please place them as soon as possible
Below is a summary of recent and future tariffs that affect the end-to-end network connectivity technology industry.
July 6, 2018 - USTR tariff list
August 23, 2018 - USTR tariff list
September 24, 2018 - USTR tariff list
January 1, 2019
Thanks for your understanding,
David M Mullsteff
|Oil, Gas & Mining|