“Simply put, the cost of imposing tariffs on gantry cranes poses a significant risk to continued economic growth for the communities of Virginia and beyond as well as the national economy by threatening a major East Coast port project. Putting a 25% duty on...
“We anticipate that the proposed additional duties may translate to slower sales growth at our stores, which will eventually impact our need to hire new associates at existing stores or even slow new store growth.”
“Imposing duties on these three tariff lines will increase our cost of goods, and in order to maintain our profitability we will pass on these increased costs to our customers. Upholstered furniture accounts for roughly 20-30 percent of our merchandise sales,...
“As a result of lost market share due to price increases and, where price increases were not possible, margin reduction due to costs increases Kollmorgen would suffer a loss of profitability that would have profound effects to US shareholders and employees...
