The Commercial Impact of Tariffs (and of Vinyl)
As I write this, the current US president recently put into effect large import tariffs on almost every country except (oddly) Russia and North Korea, then paused for most countries (including EU countries) for 90 days (except for 10%, and then another 10%). The 145% tariff on Chinese exports wasn't paused (except for computers and smartphones).
Tariffs are the dominant force in our industry right now, due partly to the added cost but also to the uncertainty they create. New products, especially those made in China, have been delayed because prices can't be set. Companies in Europe and elsewhere are waiting and seeing; some have implemented or are contemplating price increases; others have decided (for now) to keep prices the same.
Tariffs are the dominant force in our industry right now, due partly to the added cost but also to the uncertainty they create. New products, especially those made in China, have been delayed because prices can't be set. Companies in Europe and elsewhere are waiting and seeing; some have implemented or are contemplating price increases; others have decided (for now) to keep prices the same.