February 6, 2025
Dear Valued Customer:
We would like to take this opportunity to thank you for being our customer.
You may have heard in the news that President Trump’s additional 10% tariff on all goods made in China is in effect as of February 4, 2025. Currently, the tariff only applies to China.
Our prices for all confirmed orders will be honored for this first 10% China tariff increase.
It is possible that additional tariffs may be announced for China or other countries. If China tariffs are increased, they will be added together with the first 10% increase and we will continue to follow the previously published schedule below. Tariffs for any other country will also follow the schedule below.
If there are additional tariffs on China products, CBI will increase the NET order price for each item by the percentage in the below schedule examples:
(10% tariff plus New 5% Tariff) = 15% - Increase by 4%
(10% tariff plus New 10% Tariff) = 20% - Increase by 8%
(10% tariff plus New 15% Tariff) = 25% - Increase by 12%
(10% tariff plus New 20% Tariff) = 30% - Increase by 16%
(10% tariff plus New 25% Tariff) = 35% - Increase by 20%
(10% tariff plus New 30% Tariff) = 40% - Increase by 24%
(10% tariff plus New 35% Tariff) = 45% - Increase by 28%
(10% tariff plus New 40% Tariff) = 50% - Increase by 32%
(10% tariff plus New 45% Tariff) = 55% - Increase by 36%
(10% tariff plus New 50% Tariff) = 60% - Increase by 40%
Any increase between or above the range examples will follow the same formula for the percentage increase. If a new tariff is announced, the increase will be applied starting the day the increase goes into effect. Tariff increases will be based on Country of origin and may be based on specific groups of items. We are currently updating our prices on products from China for new orders.
We hope to continue to reassure you of our continuing commitment to partnership with you by being transparent and providing information in advance.
We will continue to be vigilant in monitoring the situation and provide further customer updates. Please contact our customer service team for specific information regarding your orders and shipments.
Best regards,
Craig Bachman
President
Craig Bachman Imports, Inc.
TARIFF & PRICE INCREASE FACT SHEET
- CBI will absorb any tariff increases up to 10% on confirmed orders.
- Tariff increases will be based on the country of origin.
- It is expected that any tariff increases on countries other than China will be much lower. It has been indicated that possible tariffs on countries other than China could be under 10% but possible up to 25%
- In total number of SKUs for CBI items, less than half of our items come from China.
- If the China tariffs are substantially increased, it will be at least a year before production could potentially be shifted to other countries. This means that it is likely that all goods purchased from any source will have price increases.
- Any increase will be on the NET order price for each item. For example, should your order have items that have varying countries of origin, the pricing will only be adjusted based on each item’s new tariffs.
- Your Sales Representative and Account Representative are always available to assist you with your order. They can provide up to date information on current inventory, as well as help to identify the country of origin for all CBI items you may be considering for an Import order.
- CBI remains committed to keeping you informed and working with you to find the best possible solutions for all your product needs. Our intention in being transparent with possibilities is to assure you of this commitment.
