Since 2018, there has been tariff increases implemented on $250 billion worth of Chinese products. These tariffs are detailed as amendments in section 301 of the Trade Act of 1974 and were rolled out in lists 1-4b.
The Wall Street Journal recently reported that the U.S. not planning on lifting these tariffs anytime soon. The tariffs remain, despite agreements to end the trade war in 2020. Customers are being impacted by these tariffs and looking for solutions.
How can we help?
Trade is complex, and we can help customers to look at global supply chains in other countries that are affected less by these tariffs. We are helping customers daily with supply-chain issues and avoidance of tariffs.
These 301 tariffs are able to protect domestic industries and in turn provide an edge for BGM, being a USA-based manufacturing company. The imposition of these tariffs by the government means that BGM is able to help our customers by avoiding tariffs and producing domestically. For our customers who want to avoid tensions with China, we are able to provide solutions that can be beneficial by producing in-house or by being a partner who can navigate the complexity of trade.
Give us a call if you are being impacted by these tariffs and want to see if making your parts domestically is the right solution.
Call us: 859-233-7445<