New Prices Tariffs
 

Hi Folks,

Just a heads up that due to the new Tariffs in the USA we will be having a price increase on Bryston products as of September 1st 2018.

james

Thanks for the advanced notice.

Will the increase apply in the domestic market (Canada) too?

Isn't there supposed to be a detente on tariffs for non auto related? :scratch2:

Hi

Yes world wide as we purchase a lot of our parts from the USA.

james

I think it’s actually a detente on auto tariffs, but that’s with the EU, not Canada.

I was just informed on Friday that our metalwork costs are going up 17%

James.

James, what will be the percentage increase be for Bryston products? Will the increases be across the board or will it vary from product to product?

Hi

I assume across the board as we use very similar manufacturing parts throughout many of our products. The cost accounts are looking at everything now.

James

New Prices Tariffs
 

Interesting. That implies they are using foreign steel & aluminum (possibly imported from Canada), then exporting the chassis parts to Canada for final assembly at Bryston. I wonder if there’s a chance for a double tariff as parts cross the border multiple times?

I used to work in logistics handling customs issues, and if it hasn’t changed recently, under NAFTA if goods are hit with double duties when re-crossing the border, the importer of record can apply for a duty drawback in the amount of the lesser of the two duties paid. For example if Bryston Canada imports components from the US and pays $100 duty, then Bryston US imports the finished product into the US and pays $120, they can apply for a refund of $100 paid on the original components.