November 19, 2024
Dear Valued Customer:
We would like to ensure you are aware that there has been a significant indication that new tariffs will be put in place shortly following Inauguration Day in January 2025. As we have always done, we will do our very best to minimize the impact to you.
To be transparent and informative about how these potential tariffs may affect your pricing, we have created the pricing increase schedule below. Effective immediately, all Import orders currently placed and not yet shipped, and all Import orders placed going forward will require signed acknowledgement that prices are subject to change based on the schedule.
If the new tariff is 10% or less, CBI will absorb. If the new tariff is greater than 10%, CBI will increase the NET order price for each item by the percentage below in following the schedule:
Any tariff increases between two amounts shown and any increases above 60% will follow the same formula for the % of 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. Goods that have been received before the tariff goes into effect will not have an increase.
We hope that by providing you with this information in advance, you are reassured of our continuing commitment to our partnership with you. There also continues to be uncertainties surrounding the logistics industry. The US East / Gulf port strike may begin as soon as January 15, 2025.
CBI’s shipments continue to be routed through the US West Coast which is currently open and operational. Compounding this situation are the ongoing port strikes in Canada, which have significantly disrupted logistics and shipping timelines. These strikes have led to increased congestion and delays, as shippers choose to send more goods to the US West Coast. We will continue to be vigilant in monitoring these situations.
Best regards,
Craig Bachman
President
Craig Bachman Imports, Inc.
