Information & FAQ about Section 301 - China Tariff
On three tranche’s beginning on July 6, as mandated by the U.S. Trade Representative under Section 301, a 25% tariff was imposed on a subset of electronic components and modules manufactured in China and imported into the United States. Symmetry Electronics made the decision to delay billing customers for these new tariffs until the details were complete and the impact could be better understood – since July 6, Symmetry has absorbed all Section 301-related tariffs incurred.
Beginning with shipments made on December 1, Symmetry will bill Section 301 tariff charges at a flat rate reflecting those of our suppliers. The pass-through tariff amount for these suppliers is 20% of our resale price. We will require a Purchase Order revision to add a separate line item for the tariff amount...
Read the rest of the tariff report here.