FOR IMMEDIATE RELEASE:
Roofing Nail Tariff Update
August 28, 2019
Dear Valued Customer;
“Section 301 – Additional Tariff” – increase to 30% (from 25%) to be implemented October 1 st , 2019.
On Friday August 23, 2019, President Trump announced that the tariff rate on USTR Lists 1, 2, and 3 items of Section 301 tariffs would be increasing by 5% from 25% to 30% effective with entries on or after Tuesday, October 1, 2019. Click here for the announcement release by the USTR. Any entries made prior to Tuesday, October 1st, 2019 will remain at the current 25% tariff rate.
What are the affected items?
Subject to any clarification from the U.S. Trade Representative (USTR), this immediate increase from 25% to 30% would impact those Chinese products previously identified in the USTR ‘Lists 1, 2 or 3’ already targeted with Section 301 tariffs.
What does this mean?
This tariff affects many items you buy for your business. All items on the list, including nails, synthetic roof underlayments and house wraps, and other building and construction items that are made in China, will incur an additional 5% tariff on the F.O.B. value of the item(s).
How can you plan?
As the largest direct nail importer into the U.S., we will continue to work to be the leader in ‘on-time delivery performance’ to support your business. CMI will continue to add the ‘tariff cost’ as a separate line item on invoices and only charge the applicable tariff rate in affect at time of entry. The tariff amount will continue to be calculated based on the FOB cost only.
We will continue to monitor and provide additional tariff and market information as we receive it to allow you to best plan for your business needs.
Please let us know if you have any questions.
Continental Materials, Inc. (CMI) is a national supplier of roofing system component materials and known for BUR (built-up roofing) asphalt with “No Smell”™ odor eliminating technology and its WeatherSeal™ protective packaging, All-Weather™ asphalt felts and coated organic rolls, CMI All-Weather™ modified bitumen rolls, SureGrip™ construction fasteners and roofing nails, Continental’s eco-friendly high density fiberboard roof insulation board and a premium line of SecureGrip™ synthetic roof underlayment products that are sold and used widely throughout the country. CMI has provided value added products and superior service to the roofing industry since 1958.
For more information on CMI products, call (215) 884-4930, visit www.continentalmaterials.com or contact your local CMI Sales Representative.