Electronics Parts Distributor Says It Will Eat Tariff Costs for ‘Foreseeable Future’
Master Electronics will absorb costs of Section 301 tariffs on Chinese imports that took effect over the summer by establishing itself as a “tariff free zone,” the electronics components distributor said in a news release. It’s vowing no tariff-related price…
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increases or surcharges “for the foreseeable future.” The first two rounds of 25 percent tariffs took effect July 6 and Aug. 23. The third round took effect Sept. 24 at 10 percent, but is scheduled to rise to 25 percent after Jan. 1. “Our prices do change regularly based on supplier prices and market elements,” the company’s website says. “There will be no price change, surcharges, or fees due to tariff policy.”