Are you planning to buy an injection mold from China — or maybe you’re already having one built there?
Has your supplier suggested a way to reduce the new 28.1% tariff impact?
If you answered yes to either of these questions, you need to keep reading.
Your job has just become more challenging with the new tariffs. You must somehow make the numbers work — maintain your profit and keep your customers satisfied. That’s no small task.
If you’re passing the increases along to customers, then you’re having some painful discussions and may lose business. If you’re not passing the increases through, then your bottom line is getting hammered. Neither option has a good result.
The natural reaction is to find a way to reduce the tariff — this is now on everyone’s mind and you’ll see many creative solutions from Chinese suppliers. Everyone is looking for solutions and many companies will offer solutions.
You need to know what savvy US manufacturers are doing to for their solution.
First, here is what they are not doing:
Unfortunately, these solutions may sound good to someone who’s uninformed — and is desperate to reduce their tariff cost.
If you are the importer of record, and you split the mold into separate invoices for engineering costs, etc., use the wrong HTS code, or ship through a third country, what you are doing is illegal. This is considered tax evasion and these are criminal actions. Besides the obvious criminal implications, Customs & Border Protection will audit all your previous shipments and the IRS may perform a complete tax audit of your business.
It sounds serious, and it is, but here’s something that adds insult to injury. If the Chinese company is the shipper, and you are the importer of record, you bear all the negative consequences. Nothing is going to happen to the Chinese company. They just walk away and find another customer.
JADE Molds is a 12-year-old US company which makes high-quality offshore tooling at a low cost for US Customers.
We can do this better than just about anyone in the marketplace because of one crucial difference:
JADE Molds, an American-owned US company, also owns a large tooling factory in China. We can import your mold at our manufacturing cost — therefore LEGALLY saving you thousands of dollars in tariff expenses.
Do you want to be one of those forward-thinking leaders guiding your company confidently through this trade war without becoming a casualty of it?
If so, I invite you to call us now to schedule a free consultation to discover how our US team of engineers can help you get high-quality, affordable injection molds without the steep import tax.
Call now: 844-USE-JADE
Our friendly staff will help you schedule a convenient time to talk about your needs and how we can help you maintain your supply lines, your profitability, and your customer loyalty.
The only thing you risk by calling is a bit of your time.
What you stand to gain is a legal way around these unfair tariffs so you aren’t forced to eat the additional cost or pass on crippling price hike to your customers.
Patrick Smith, CEO
PS: In just 30 minutes, you’ll discover how to legally, ethically, and quickly get back to business as usual in spite of the trade war.
Give us a call now to schedule a meeting at your convenience: 844-USE-JADE.
You’ll discover how JADE’s unique setup offers you enough savings to offset this new tax burden.
(You can also schedule your free consultation online at www.jademolds.com/no-tariff.)