On Friday, May 10, 2019 the United States Government implemented a 25% tariff on $200 billion worth of Chinese imported goods. The new imposed tariffs apply to all Chinese goods shipped on or after Friday, May 10, 2019. These shipments should take about 3 weeks to hit U.S. ports. A few of our suppliers have already reached out letting us know they will be increasing prices due to the latest tariff. We are currently working with each supplier and are closely monitoring the situation.
Below is a listing of those suppliers who have notified us along with their imposed effective date, and the details of the price increase (increase percentage along with product affected).
Supplier Names / Pricing Details / Supplier Imposed Eff Date:
Increase % is TBD (more information to come)
Supplier Imposed Eff Date: 08/11/2019
Acco Brands includes Swingline, GBC, Quartet, Wilson Jones, Mead, At-A-Glance and more
Acme United Corporation:
Boss Office Products
Date: Under supplier review
Bush Industries Inc.
Increase of 7% on all import products
12% increase on all Molded Fiber bagasse, wheat straw and bamboo blended items
12% increase on all Compostable Plastic Bags
Elmer's Products Inc.
18% increase on Elmer's Glue Sticks and X-ACTO Knives & Cutting Tools
10% increase on Elmer's Pourable Glue
Increase % is TBD ( more information to come)
0 - 11.5% increase on select Sharp Calculators
0 - 10% increase on select Victor products
0 - 10% increase on select Rapesco products
Unfortunately, there are now talks of a second wave of tariffs which would include an increase on an additional $300 billion worth of Chinese imported goods. In light of this very important pricing information, we will continue updating this post on a weekly basis so that you can be prepared for what is to come.
We appreciate your understanding and patience during this critical time.
Economy Office Supply Co.
Update: May 14, 2019