(Part 3 of 3) If you or your supplier import transformers from overseas, the tariffs on imports from China have raised your costs. Either directly from your source in China or indirectly if your domestic source is heavily dependent on raw materials and parts that are subject to tariffs. It has many buyers scrambling for […]
(Part 2 of 3) President Donald Trump hopes the tariffs imposed by the U.S. will encourage negotiations that result in new trade deals that are more favorable to the U.S. and eliminate the unfair tariffs and trade barriers imposed by the European Union (EU) and China. Should the tariff strategy not result in negotiations that […]
(Part 1 of 3) Tariffs imposed by the Trump administration have caused uncertainty to take hold at many U.S. companies, including power transformers and the PowerVolt Group (PowerVolt, Ensign and Wabash Transformer). According to an article1 at Power Transformer News (www.powertransformernews.com), “The new tariffs could impact heavily upon domestic transformer manufacturers, who rely on a […]