There is another thread relating to this issue, but it has multiple side tracks, topics and people talking about the trade war in general.
I would like to keep this thread strictly as it relates to Grizzly Industrial and prices that will be going up on July 6th due to the tariffs. Here are some key points to note:
1) 25% Tariffs are being imposed on most machines coming from China, and not Taiwan (regardless of whether China considers Taiwan as part of its territory, or not).
2) We have also been hit with numerous price increases for material costs that have gone up around the world and therefore our actual cost increase is much higher than the 25%.
3) Our prices, on the affected machines from China, will be going up on July 6th by a straight 25%.
4) An item that is IN STOCK and shipped before July 6th will be at the current price.
5) Any back ordered item, regardless of how long ago the order was placed, that comes in after July 6th will be charged the new higher price as we are unable to take a 25% hit. This tariff is beyond our control and we are being forced to increase prices.
6) If and when the tariffs are removed, on the date they rescind the tariffs, we will reduce all prices on the affected machines.
7) Although most machines from Taiwan are not affected by the 25% tariffs, they are still affected by the material costs and those machines will increase a modest amount, perhaps in the 5% range.
8) I strongly suggest that if you have been on the fence for a machine purchase, you do it before July 6th, 2018.
All in all, due to nature of our business model (selling direct to the consumer and not through dealers) we will still be cheaper than anyone else in the market place, even with the price increases.
Thank you for your understanding and for your continued support.