Dear Valued Business Owners and Merchandise Buyers,
For months, the world has watched as the trade war between the United States and China escalates. While the first two rounds of tariffs, which imposed a 25% incremental duty on designated goods imported into the U.S., has had a minimal affect on Hanna’s Handiworks’ products, the potential for a third round of tariffs will have a different impact, which is why we are writing this today.
The proposed third round of tariffs, which encompass a 10% incremental duty on thousands of consumer products, would impact select items within our product lines. It is our current understanding that if this third round of tariffs were enacted, the timeline would be Sept/Oct 2018 and because of this, Hanna’s Handiworks, LLC would be required to pay an incremental 10% duty on designated items we import at & after that time.
As wholesalers, who both care about the service we provide and the value we give you, it is our sincere hope that the current administration is able to negotiate a trade agreement with China that does not include these new tariffs. As a business, we have to prepare for that possibility. In order to keep our prices as low as possible across the board, Hanna’s Handiworks will have no choice but to increase prices on affected items as much as 10% to offset their incremental duty expense. Any price changes would go into effect immediately if & when this third round of tariffs is enacted. If a price increase on these tariff-affected products is necessary, we will contact you regarding these changes.
Whether in regards to these changes or future impacts to any products we import and sell, we will continue to openly and transparently communicate that with you, as we are in this together. In the meantime, if you have any questions or concerns, please contact us at wecare@hannashandiworks.com or 800-899-7009.
Thank you for being a valued Hanna’s customer.
With kind regards,
Ron Dolasky, President, Hanna’s Handiworks, LLC