How a Home Technology Company Reduces the Impact of Tariffs
Gain Certainty Amidst Volatility With Whitaker Brothers
Tariffs are a word that conjures up uncertainty. One minute, the Court of International Trade ruled many of them illegal. Next, an appeals court ordered a stay while the case was challenged.
At one time, China faced tariffs as high as 145%. Today, they’ve been temporarily reduced to 10%. With the additional “fentanyl” tariff of 20%, China’s overall rate is about 30%.
Some Mexican and Canadian goods are subject to 25% tariffs. On May 30, the rates on aluminum and steel imports rose from 25% to 50%.
So, what do all these topsy-turvy dynamics mean for smart home systems? Many smart home technology components are manufactured in countries outside the US. These components span almost all features including smart home control systems, AV equipment, networking supplies, security systems, and LED lighting. For some of these items, it translates to higher prices and supply chain challenges.
As a home technology company serving Philadelphia, PA, and the Delaware Valley, it’s up to our team at Whitaker Technologies to stay ahead of the curve and provide our clients with the best possible prices, with projects completed on time and on budget.
Here, we’ll explore how we bring great value despite potential price increases and some of the essential actions we take to limit the effects of tariffs when creating the smart home our clients dream of.