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.