October 1st, 2019
Beginning with shipments made on October 1, Symmetry will bill Section 301 tariff charges at a flat rate reflecting those of our suppliers. Our approach is one geared towards simplicity and equitability. The affected suppliers are DB Unlimited, Telit and Silicon Labs. The pass-through tariff amount for the products affected for these suppliers will change from 8% of our resale price to 12% of our resale price.
Beginning November 1, 2019, there is also a change to Embedded Antenna Design, Ethertronics, Fujitsu, GigaDevice, Monolithic Power Systems, Murata, RunCore, and Telit (GNSS products). The pass-through tariff amount for these suppliers will change from 20% of our resale price to 24% of our resale price. We will require a Purchase Order revision to add a separate line item for the tariff amount.
December 1, 2018
Our Suppliers have been working to establish a fair and equitable method to assess the tariffs without disclosing proprietary pricing formulas. Most suppliers have opted to mitigate the effect of the tariff by charging Symmetry using a separate line item on the invoice based on our current purchase price, not the suppliers’ import cost. Those charges have ranged from no current charge up to 25% on our purchase price.
The full amount of the tariff paid by Symmetry will be charged to our customer. We will do so in a way that is fair and equitable to our customers. As these charges are pass through, the tariffs will not be considered sales for purposes of any sales programs or incentive calculations, internally or externally.