On May 10th, 2019, the U.S. government announced anescalation of the tariffs imposed in September 2018 for goods imported fromChina. This escalation increases the existing 301-3 tariffs from 10% to25%. 

As you may know, SnapAV pays the tariffs on products,components, or materials imported from China, and while we are continuallypursuing ways to mitigate these costs, such as adjusting our global supplychain, these changes take time and investment.

In an effort to better serve you, we�ll continue to absorbthe cost of this recent tariff escalation until next month. However, effective July 9, 2019, we will be making minimal pricingadjustments to offset these additional costs. Because tariffs impactproducts differently, these adjustments will vary across a subset of categoriesand range from a 0-10% change. We estimate an average purchasing cost increaseof roughly 2%.

Although the U.S. government is also reviewing additionaltariffs, we believe that being a good partner to you means only raising priceswhen necessary. For that reason, we will not make pricing adjustments onproposed tariffs, only on those that have been enacted.

We understand this will have an impact on your business, and want to reiteratethe following commitments to you: 

• We will adjust the MSRP on affected products to maintain your profits
• We will continue to monitor tariffs, and re-evaluate and adjust prices if/when they are reduced or eliminated
• We will continue to pursue other ways to reduce the impact, including alternative sourcing and filing for customs exclusions where appropriate�
• We will continue to invest in new products and services that help dealers
• We will maintain the integrity and quality of our products and will not cut corners
• We will continue to invest in the award-winning services you�ve come to expect from us, including customer and tech support

Click here to download the new July 9, 2019 price list.

The most recent SnapAV price lists can be found on our�Pricing page�in the�Support�section. (Login required for full access)