In July of 2018, the US Commerce Department implemented a 25% tariff on $200 Billion worth of Chinese goods entering the U.S as part of the “Section 301 Tariffs”. At that time, this only had a direct impact on our Water Pumps and Pump Parts. To equitably absorb this tariff burden, we implemented a 10% “Tariff Surcharge” on both of those product lines. In September of 2018, the third round of Section 301 tariff increases went into effect, which impacted an additional wide range of products. While this tariff charge was initially at 10%, effective May 10, 2019, the products affected by the third Tariff increase were now subject to a 25% tariff charge. Currently there has been no removal or reduction of any of these tariffs, and no indication that these tariffs will be eliminated. While these tariffs impact products coming in from China specifically, it has also resulted in a multitude of price increases from our domestic suppliers.
While the costs on all our imported products have increased by 25%, we have been able to use the relationships we have developed with our international and domestic vendors to minimize the negative price impact these tariffs have created. Therefore, effective October 1, 2019, we are replacing the “Tariff Surcharge” on Water Pumps and Pump Parts and simply amending the pricing to reflect these changes. Secondly, all other products affected will have price changes effective October 10, 2019. Please note there will not be one single product whose price will be increased by the entire 25%. If you have an online account, new pricing will be reflected there. Retail price sheets as well as reseller, OEM and other discounted pricing customers may request new price sheets at any time. Any product quotations after the effective dates will have the new pricing reflected in the quotations.
Regardless of the circumstance, notifying our valued customers that prices are increasing is not comfortable and not easy. That is why we have taken the care and time to address this issue in the most economically amenable way possible, especially given the extenuating global economic impact caused by these tariffs.
I sincerely thank you again for your continued support. If you have any questions or concerns, please feel free to reach out to me directly.
Access Truck Parts
Mobile: (602) 421-8989