25% Increase of Tariffs on Chinese Lasers?

[Bill George]

I'll let you all know in a few weeks. My Ray Fine was going for final customs clearance today and should be on a boat shortly.

Grrr...

I find it interesting that some of those who commented about the tariff being nothing, already owned Chinese fiber lasers.

[Kev Williams]

Not me, I think it's * ridiculous to pay $5000 for a $4000 machine. Whether I'm any good at this business or not doesn't matter. To make that $1000 back will require either (a) more of my TIME that I'd rather spend doing something else, or (b) passing the cost onto my customers to let THEM pay for it. Either option helps no one, certainly not me.

Thankfully I don't need any more machines, and even if I do, I'm more than happy buying used equipment (only 5 engraving machines in my signature were bought new)...

[Scott Shepherd]

Maybe you’ve been buying a $8,000 machine for $4,000

[Floyd Siegal]

So far I haven't seen any duty increases for the machines we distribute. We just received 3 new systems but no increase in duty charges. Tarrif 2016.PNGTarrif 2018.PNG
I see "the additional duties set out in Annex A to this notice are effective withrespect to products that are entered for consumption, or withdrawn from warehouse forconsumption, on or after July 6, 2018". I can only assume our clearing date actually happened before this date. Clearly our next order should reflect an additional 25% tariff. We'll see what happens?

[John Lifer]

These things are passing through US Customs at the port of embarkation first and if that occurred prior to July 6th, I'd expect no additional duty. Anything that leaves China after the 6th would be hit.