- Joined
- Mar 26, 2018
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I case any of you are as avid fans of Shars tool company as I am, they have announced impending price increases due to the US/China tarriffs. The price increases have not yet taken effect, so now might be a good time to pick up that new tool you have been looking at. See their announcement below:
To Our Valued Customers:
As you are undoubtedly aware, the Trump administration has imposed a 25% tariff on certain products brought into the United States including steel and aluminum, and there are upcoming new rounds of tariffs being put in place later this year. Under these circumstances we have to increase our prices on certain product groups to anticipate the cost increase. We have tried to absorb the manufacturing cost increase as much as we could in the past but this year circumstances are more complicated and could take some time to reach a beneficial agreement.
Most of our price increases fall under indexable cutting tools, workholding, tool holding and some measuring tools. The current price increase will not affect Aventor, ZCC USA, Ultra-Dex, Edge Technology, Kurt, Haimer, Carvesmart, Mitutoyo, Starrett or USA made solid carbide end mills.
This price increase will be effective September 17th, 2018 and go through the remainder of 2018.
Ps: Per the forum rules, please keep this from becoming political
To Our Valued Customers:
As you are undoubtedly aware, the Trump administration has imposed a 25% tariff on certain products brought into the United States including steel and aluminum, and there are upcoming new rounds of tariffs being put in place later this year. Under these circumstances we have to increase our prices on certain product groups to anticipate the cost increase. We have tried to absorb the manufacturing cost increase as much as we could in the past but this year circumstances are more complicated and could take some time to reach a beneficial agreement.
Most of our price increases fall under indexable cutting tools, workholding, tool holding and some measuring tools. The current price increase will not affect Aventor, ZCC USA, Ultra-Dex, Edge Technology, Kurt, Haimer, Carvesmart, Mitutoyo, Starrett or USA made solid carbide end mills.
This price increase will be effective September 17th, 2018 and go through the remainder of 2018.
Ps: Per the forum rules, please keep this from becoming political