HomeMy WebLinkAbout15.b FYI Sensus Potential Tariffs on Imported Hardware Products Product Information -
Notice
SEn SUS
a xylem brand
Title: Potential Tariffs on Imported Hardware Products Date: January 15, 2025
Distribution: Sensus Internal & Sales: ® Distributors &Agents: ® Customers:
President-Elect Trump is messaging that he intends to implement tariffs on imports from Mexico,Canada,and China when
he takes office on January 20, 2025. His current plan would order a tariff of 25%on goods from Mexico and Canada, and
an additional 10%on goods from China. It is still to be determined how long the tariffs would remain in effect, if at all.
Xylem is proactively evaluating the impact that these tariffs would have on our products and customers. Xylem continues
to work to mitigate the impact of tariffs on our customers by evaluating the current supply chain and manufacturing
processes; however,we will not be able to mitigate their full impact.
Xylem will implement a tariff surcharge on hardware products if and when the new Administration makes the tariffs
effective, which, if enacted, could be as soon as January 20, 2025. This surcharge would apply to orders that ship after
the implementation date of the tariffs. It should be noted that even whole products NOT manufactured in Mexico,Canada,
and China can be affected by tariffs since many product components originate in these countries.
Xylem believes a surcharge is a better option than increasing the price of our products. Many of our customers agree that
a surcharge is more transparent and easier to manage. In addition, a surcharge—as compared to a price increase—conveys
that we are hopeful that the tariffs will be temporary in duration. We will eliminate any surcharge immediately once the
new Administration lifts the tariffs.
We will issue more detailed information in a subsequent communication if and when the tariffs become effective.
For additional questions, please reach out to your local sales representative and we appreciate your support and patience
as we navigate a complex market reality.
Sensus Team