Sellers are feeling the effects of the US-China trade war, with many already seeing steep increases in tariffs. Here’s what they’re saying:
“I am getting hit bad. My original quote for shipping [Free On Board] was 1200$ now after the tariffs its 2100$ 🙁” – Mohammed
“Everything I import was on the list that went to 25% tariff last night. I have $10k in product sitting at a port in China ready to sail on May 14 that missed the cutoff point of midnight and will incur the tariff when it arrives. Not much I can do at this point – it is what it is. Just have to analyze and include it in future product research 🤷♀️” – Lisa
We too are feeling the pinch. In a recent email sent to us by our freight forwarder, Flexport, we were informed that several of our products will be impacted by the increase:
This is the link referenced above:
In moments like these, there is no cause for alarm. Inevitably, consumers will end up bearing the cost of the increase. The hikes will likely result in higher prices.
That being said, there are a few things you can do proactively to curtail the impact of the skyrocketing tariffs:
And in case you haven’t seen it, we have an excellent blog post that exclusively covers the trade war’s new tariffs. Check it out and let us know your thoughts.
But if you’re already feeling the heat of the increased tariffs, you can always apply for an exclusion. There’s no guarantee that you’ll be approved, however, based on what we’ve read, it seems like a simple application process.
To shed some light onto how the program works, please check out the following resources:
Also, after looking at the rulings of some submissions, the overarching themes around products granted exclusion were:
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Let us know what’s important to you by filling out the following (anonymous) form: