News & Announcements
October 1, 2018
RE: Price Increase notification due to significant tariff and other cost increases on imports from China
To our valued customers,
As many of you are aware, the U.S. Trade Representative’s Office recently implemented increased tariffs on items imported from China and announced that more are anticipated. We are hopeful that these tariffs are temporary and the trade issues between the U.S. and China will be resolved soon. In the meantime, we have worked diligently to minimize the impact to our customers, but at this time we know the tariff increases will range from 10% to 25%. Additionally, there are anti-dumping penalties being enforced which go as high as 380% on select items. These increased fees are strictly enforced.
Consequently, Fun Express will be implementing a price increase, effective on all deliveries after December 1, 2018 to cover these increased tariffs and other cost increases we’ve experienced the past three years in raw materials, labor, and transportation on products imported from China.
We wanted to give you as much notice as possible once the tariff situation was clear and the impact imminent. Your Fun Express sales representatives will be able to discuss the impact on specific items you source from Fun Express now as well as assist in any planning for 2019.
We thank you for your business and look forward to continuing to grow our partnership with you and find ways to serve YOUR customers effectively and economically.
Ralph F. Tschantz
Vice President/General Manager
Fun Express, LLC.
Division of Oriental Trading Company
A Berkshire Hathaway Company