Will Tariff Affect Security Product Pricing
Posted by Marc Levesque on
The short answer is yes! The new United States administration is threatening tariffs on goods arriving from Canada and others. It's not clear how all of this will filter through as many product are manufactured in Asia, Puerto Rico and other locations and are likely to be subjected to U.S. tariffs as they filter through the U.S. supply chain. Of concerns is will Canada impose tariffs on these products; at the moment many find there way into the market tariff free.
If tariff are indeed imposed we are likely to see the industry shift to direct Asian market sourcing with possible lengthy delays before we see a cost reduction from alternate sourcing of product.
Ashton Security Inc. will put out a newsletter as soon as we get an understanding of the possible tariff implication