To our Valued Customers,
Effective May 10th, the US Government has increased the Section 301 tariffs from 10% to 25%. This increased tariff went into effect immediately on new orders placed with China. Regarding existing orders, the increased tariff will be levied on anything that comes into the United States after June 1st 2019. The section 301 tariffs cover a very broad spectrum of iron and steel fasteners; in-turn, it has a large impact on our product offering.
The extra 15% tariff will be applied directly to Birmingham Fastener’s cost once the material enters the United States. This is a fluid situation and could change without any notice. Birmingham Fastener will continue to monitor this very closely and keep you updated if there are changes. Your sales representative will be contacting you to ensure these increases are properly communicated and implemented in a manner that is in compliance with your needs.
Birmingham Fastener exists to service the needs of our customers and has grown tremendously over the last 38 years. Birmingham Fastener continues to expand its footprint with the opening of three new locations this year in Texas, Iowa, and New York. These locations will allow us to better service our customers in these regions and shows our dedication to our number one asset, the customer.
Birmingham Fastener does not want to jeopardize any customer relationship with these increases. We are simply passing along something that is out of our control. Staying consistent with our mission statement, we will work with each customer to make sure you are given the best service and product. Thank you for your continued business and partnership with Birmingham Fastener.
Sincerely,
Brad Tinney
President Birmingham Fastener Inc.
