“We have had candid discussions with our customers over the last few weeks regarding pricing increases based on the new tariffs. They have adamantly stated they will not accept a price increase and expect Dyno to absorb the impact from the tariffs since they do not intend to raise product prices to consumers. While we believe consumers will pay more for Singer-branded products, we have no control over the retailers decisions. Accordingly, Dyno expects to see a significant reduction to profit margins should the tariffs go into effect… Additionally, we will be placed at a competitive disadvantage to our non-U.S. competitors as they will not be affected by the new tariffs. This will limit our ability to invest in our employees and other capital assets and we will need to consider whether to institute headcount and other cost reductions to offset lost profits.”