With tariffs increasing from 10% to 25% on Chinese imports, is it time to consider using OMT-Veyhl as your partner in table bases?

Last week, President Trump made it official that Chinese import tariffs are now 25% on thousands of goods coming from China. This directly affects the contract furniture market. The import/export tensions with China are far from over and are causing some uncertainty for companies importing goods from China, creating risk to their product lines. Many large companies are now pulling out of China and sourcing domestically.

We can make the transition from Chinese suppliers very easy by engineering our products to match the current setups and attachment points to your worksurfaces. If you would like to discuss the Chinese tariffs in more detail and find out how we can help avoid those extra costs, please visit us at our NeoCon Booth 10038 from June 10 to 12.

Below are sources citing information from the above and for your reading pleasure.

https://www.apnews.com/e8a5195c21af44e5b783082366cc2f29

https://www.bloomberg.com/news/videos/2019-05-20/markets-brace-for-prolonged-u-s-china-trade-tensions-video

  • Trade war isn’t over, China and President Trump are not backing down.
  • Who pays for that 25% increase? Your customers?

https://www.businessinsider.com/trump-china-trade-war-list-of-goods-tariffs-2018-9

  • In the link is the list of goods, including furniture used in offices.

https://www.bloomberg.com/news/articles/2019-05-16/trump-tariffs-seal-the-deal-for-companies-looking-to-quit-china

  • In the link the article talks about big companies pulling out of China and moving production elsewhere.