The Effect of Trade Tariffs on ICOMold Parts

The Effect of Trade Tariffs on ICOMold Parts

China tariff stampsWith the recent announcement regarding the 25% tariff on certain products coming from China, some customers have asked us if that will affect their pricing.

It’s a fair question, considering we have a manufacturing plant in Shenzhen, China.

The answer is NO, the new tariffs will not affect the price of our plastic parts, nor the pricing for injection molds imported to the U.S. from China.

According to the revised Harmonized Tariff Schedule, the codes we use for injection molded plastic parts, CNC machined plastic parts, and injection molds are NOT subject to the 25% tariff, and we will not be taking any pricing action.

It’s also important to clarify that customer-owned injection molds that we manufacture in China, that stay in China, are not subject to tariffs. This may seem obvious, since they’re not imported, but we’ve had customers ask about this, so we want to alleviate any concerns about regular production molds.

For more details, including links to these product categories in the schedule, please visit the China Tariffs page of our website.

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