As you are all likely aware, the US government recently initiated an indefinite 25% tariff on goods imported from China. This is basically an additional 15% tax (on top of the 10% that was imposed earlier) to encourage behavioral change in US companies (build/buy U.S.) and China (bad acting).
We has continued to grow however, having never done a price increase since the beginning of the company in 2002, current market conditions do not allow us to sustain an additional 15% on Cost of Goods Sold (we mostly absorbed the initial 10% tariff imposed earlier). In fact, on several core products, if we did nothing, we may end up in a negative margin position selling into distribution. This newest round of tariffs went into effect at midnight 5-11-19 with 1 day of notice. We have considered multiple options since this announcement including waiting (holding shipments) for something to change. Unfortunately, our latest information leads us to believe this is not going to change anytime soon. Our leaders at CEA are lobbying hard in Washington, but it appears to be of no avail.
Therefore, in order to be proactively responsible, we are going to modify our pricing levels to account for past and current market changes (including the new round of tariffs). So to recap, we are absorbing (and have absorbed in the past) the most significant part of the recent tariffs. We have also been able to reduce costs in China on several of our core products, and will now look to our partners to work through this with us.
Once the tariff is lifted and/or changed, our prices will change accordingly. If you would like to discuss further, please call us at 833-WOLFPACK (833-965-3722).
This product may be eligible to be purchased through the United States Governments SEWP program, similar to their GSA program.
The NASA SEWP (Solutions for Enterprise-Wide Procurement) provides the latest in Information and Communications Technology (ICT) and Audio-Visual (AV) products and services for all Federal Agencies and their approved contractors.
If you are a government agency and want to see whether HDTV Supply has this product in the SEWP database go to our our SEWP Contract Holder RedHawk IT Solutions, LLC
to allow you to maybe order this product from the United States Governments SEWP program. It is very easy to place your order, go to the link above and enter HDTV Supply and there you will see a list of part numbers of what we currently have. If you do not see it than give us a call at 833-WOLFPACK (833-965-3722) and we may be able to enter it.
Our SEWP Contract Holder RedHawk IT Solutions partner has the following credentials:
- DUNS: 801957023
- TIN: 260452583
- CAGE: 4TBM6
Their SEWP Federal Contracts are:
- SEWP Contract Number: NNG15SD38B
- Group: Group B_SDVOSB
- NAICS: 541519
- SEWP Contract Number: NNG15SD88B
- Group: Group C
- NAICS: 541519
The SEWP Program Office manages a suite of government-wide IT products and services contracts that enable NASA and all Federal Agencies to achieve their missions and strategic initiatives by providing streamlined access to critical technologies and solutions. The Program provides best value for the Federal Government and American taxpayer through innovative procurement processes, premier customer service and outreach, acquisition insight, and partnership with Government entities and Industry.
For a complete listing of HDTV Supply products from us, or our other vendors, call 833-WOLFPACK (833-965-3722).