The reciprocal tariff of 10% that was set to expire today, July 9th, has now been extended to August 1st.
There are currently 3 types of tariffs in play:
a) Section 301 on items originating from China: (25%)
b) IEEPA (aka fentanyl tariffs): China (20%)
c) Reciprocal: all nations (10%)
The administration also announced that Thailand, Malaysia and South Korea—countries that produce printed circuit boards—will face a reciprocal tariff of 36, 25, and 25% respectively should no further negotiations occur before the August 1st deadline.
The news of these impending reciprocal tariffs may simply be part of high-stakes negotiations, but a 36% tariff for those items made in Thailand will be a big blow to the heavy PCB manufacturing investment made there.
The combination of already higher pricing, longer lead-times, and now a higher reciprocal tariff will continue to make China all that much more attractive.
𝘗𝘭𝘦𝘢𝘴𝘦 𝘯𝘰𝘵𝘦: 𝘜𝘯𝘭𝘦𝘴𝘴 𝘳𝘦𝘯𝘦𝘸𝘦𝘥, 𝘵𝘩𝘦 2 𝘢𝘯𝘥 4-𝘭𝘢𝘺𝘦𝘳 𝘦𝘹𝘦𝘮𝘱𝘵𝘪𝘰𝘯 𝘧𝘳𝘰𝘮 𝘵𝘩𝘦 25% 𝘚𝘦𝘤𝘵𝘪𝘰𝘯 301 𝘛𝘢𝘳𝘪𝘧𝘧𝘴 𝘪𝘴 𝘴𝘦𝘵 𝘵𝘰 𝘦𝘹𝘱𝘪𝘳𝘦 𝘢𝘵 𝘵𝘩𝘦 𝘦𝘯𝘥 𝘰𝘧 𝘈𝘶𝘨𝘶𝘴𝘵. 𝘚𝘵𝘢𝘺 𝘵𝘶𝘯𝘦𝘥 𝘧𝘰𝘳 𝘮𝘰𝘳𝘦 𝘶𝘱𝘥𝘢𝘵𝘦𝘴!
Please contact me to find out how your company can take advantage of our tariff cost-saving program called PCBOffice™ that will lower the total cost of ownership of circuit boards.