Your product from concept to creation
There may be changes to tariff rates that may affect our customers’ products. President Trump recently announced a 25% tariff for goods imported to the United States from Mexico and Canada. The Mexican and Canadian tariffs have since been paused as of today. He also recently announced an additional 10% tariff for goods imported to the United States from China. The Chinese adjustment is scheduled to take effect on February 4, 2025.
Tariffs are currently assessed on raw materials entering the United States from China and those tariffs will increase by 10%. The USMCA (formerly NAFTA) currently shields certain tariffs on materials directly imported into Mexico. We utilize a pricing tool to evaluate pricing from different locations, taking into account the tariff impact and production location to help our customers be informed on the various tariff mitigation strategies that can be enabled across our Keytronic locations.
We understand that these changes may impact your operations, and we want to assure you that we are committed to working closely with you to navigate this transition. Currently, absent any changes, we regret that Keytronic may be forced to add these tariffs to the value of your product starting on February 4, 2025.
Anticipating circumstances such as these, Keytronic has been developing a strategy to increase its footprint in strategic locations to assist our customers best. We are excited to announce additional capacity in key strategic regions in future communication.
Our team will contact you shortly to discuss the specific details related to your account, review the potential impact, and explore possible mitigation strategies to minimize any disruptions. We value your business and appreciate your understanding as we work through these changes together. Please feel free to contact us with any immediate questions or concerns.
Thank you for your continued partnership.
"At Keytronic we continually provide our customers superior manufacturing and engineering design services at the lowest total cost for the highest quality products in an effort to create long-term mutually beneficial business relationships."
