United States Trade Representative finalized the third round of tariffs on $200 billion of Chinese Imports. Tariffs will be effective starting September 24, 2018, and initially will be in the amount of 10%. Starting January 1, 2019, the level of the additional tariffs will increase to 25%. Below are the pricing implications for Florida Seating products:
- While the tariffs will apply to both wood and metal furniture, we DO NOT import any wood products from China. We make all of our wood furniture in our factories from 100% solid European Beech wood. Therefore pricing on Florida Seating wood products will remain the same.
- Pricing on most outdoor furniture (except cushions, Suncity and Elements tops) and indoor metal furniture will increase by 10% effective September 24, 2018. Starting January 1, 2019, pricing will increase further to reflect the 25% tariff.
- If Customer places a PO (and pays deposit when applicable) prior to 9/24/18 AND items are available in stock as of the date of the PO, tariffs won’t apply even if delivery takes place after 9/24/18.