Battery Price Increase!
October 1, 2019
On July 10, 2018, the U.S. released an initial list of the additional $200 billion of Chinese goods that would be subject to a 10% tariff.
In September that went to 12% and it is rumored to be going to 15% in December! Unfortunately, there is no way around the tariffs and we have been paying it on our own (10-12% EXTRA) since first week of September. We just cannot exist with these extra costs.
I want to make it clear we are not making any additional profit on this. These costs are going right back to the administration and even with the increase we are estimating that Trincorp LLC will still lose 7-10% of our profit!
I have no recourse other then to raise every battery product a flat 10% effective today 10-1-19. I know it is bad news but hopefully a resolution between the two largest economies in the world can settle this on their own and return us to normalcy.
Ernest N Provetti