Tariff Notice

December 17, 2018

 

To: All our Valued Customers

Re: Tariffs

 

Since September 1, 2018, certain products we sell, imported from China, have been subject to a 10% import tariff. A further 25% increase, in these tariffs, was scheduled to apply to products imported into the U.S. beginning January 1, 2019. 

Our expectation was that these tariff issues would have been resolved by this point. Rhode Island Novelty chose not to pass these tariffs on to our customers.

On a “temporary” positive development, the administration has delayed the imposition of the additional 25% tariff increase for a period of 90 days to allow for further negotiations to resolve our trade differences with China.

The current tariffs already in place will be reflected in our 2019 pricing, beginning January 1st, 2019. This will not be an across the board increase and only items subject to the tariffs will reflect the tariffs in the 2019 pricing.

We are assembling a listing of items/categories that are currently affected.

While we continue to hope that this will be resolved during the 90-day period, be aware there is the prospect of a further price increase in April on affected items/categories, if not resolved.

We will continue to monitor developments on the issue and advise when the situation warrants.

Thank you for your past and future support as we very much value and appreciate your business!

 

Rhode Island Novelty