The tariff increase of 25% has officially gone into effect today.
Products which were impacted by the 10% increase last year will be increased by an additional 15%, and new products impacted by the tariffs will increase by the full 25%.
Any products that are in production or in transit but have not passed through US customs will be affected. If you are a Lumi customer with current orders affected by the increased tariff rate you will see the tariff as a separate line item on your invoice.
Despite the 25% tariff, our market analysis indicates that the majority of plastic packaging is still more cost effective imported from China, however if you are interested in evaluating other options, request a quote.
On November 1st, we increased the price of products sourced from China to reflect the increased, 25% tariffs incurred as they entered the U.S. in 2019. You may have heard that as of December 2, 2018, the tariff increase was delayed until spring. With the tariff delayed, we've rolled back prices to the reflect the cost of the September increase of 10%.
If you placed an order affected by the 25% tariff increase, we will refund the 15% tariff difference after your products arrive in the U.S., assuming that the tariff increase doesn’t go into effect before then.
As you may have read in the news, a 25% tariff increase on over 6,000 items in the Harmonized Tariff Schedule is taking effect January 1, 2019. This will affect all packaging produced in China being imported into the US.
Starting today, we will increase baseline pricing by 25% for packaging produced in China. We are applying the increase today to account for the lead time to manufacture and ship via sea freight from China. Learn more on the blog.
As you may have read in the news, a 25% tariff increase on over 6,000 items in the Harmonized Tariff Schedule is taking effect January 1, 2019. This will affect all packaging produced in China being imported into the US.
Starting today, we will increase baseline pricing by 25% for packaging produced in China. We are applying the increase today to account for the lead time to manufacture and ship via sea freight from China. Learn more on the blog.
An increase in paper costs came into effect nationwide on March 23rd 2018 driven predominantly by rising freight costs, strained paper mill capacity, and export costs. Learn more on the blog.
