Monthly Archives: June 2019
With prior trade war tariffs on Chinese imports, Ursa Minor absorbed some of these costs but eventually included them when our prices changed on May 1, 2019. While we do not import directly from China anything of significance, many of our hardware and raw material suppliers do and have passed tariffs on to us.
There is a new round of uncertainty about a proposed escalating tariff on imports from Mexico that may start in June. As a small operation, we can only roll with this change in the global trade system if it is implemented, and have no expectation of bail out or special exemptions from Washington. We hope that any planned change from the current NAFTA agreement is reviewed and implemented with consideration for all businesses impacted, since finding an alternate source is not quick or easy even if possible.
Our approach for the proposed tariff on Mexican goods will be the same as when California changes the sales tax rate. If the State changes the sales tax rat