“In summary, the effect of the 10-25% tariff proposal on rare earths and magnets will be as follows: 1. It will lead to increased prices of rare earth containing products in the USA a. Automobiles, Electronics, Consumer Appliances, Industrial tools, etc. 2. It...
“Because ALM products are designed primarily for home use, Mr. Kersey of ALM will testify that the proposed tariff on the lawn and garden products and their parts and components, such as the ones listed below, would have a disproportionate impact on individual...
“The potential longer-term impacts are well-known: lost jobs, closed facilities, and eventually, the closure of an. American company that has made significant contributions to many employees, families and communities for decades. In short, imposing Section 301...
“At a 25% tariff level, the Company estimates that the impact to its business will exceed $15 million annually. These costs will ultimately need to be passed on to consumers (i.e. parents and caregivers) in the form of higher prices or it will no longer be...
“Due to sales agreements with customers and the timing of retail line reviews, it is highly unlikely Scott Pet will be able to quickly and easily pass tariff costs on to customers and in many cases Scott Pet would jeopardize future sales by increasing prices due...
