Released by Walthers 15 Aug 2019:
As you have likely heard or read in the news, there has been a lot of activity recently relating to tariffs with China. In early August, it was stated that the administration would activate an additional 10% import duty on the final $300 billion in product the U.S. imports from China. This 10% tariff was to go into effect September 1, 2019 and would have included model trains and accessories. Yesterday, President Trump announced that an import duty on certain products will not go into effect on September 1st, rather they will be delayed until December 15th. Model trains and accessories are, indeed, on the list of products that will not go into effect until December. As of right now, we are pleased to say there will be no impact to the pricing of our Walthers branded product. We will continue to watch this situation closely, advocate for our products to be excluded should the tariffs come to pass, and inform you of developments that impact you as soon as possible.
We thank you for your continued support and wish you continued enjoyment of this great hobby.
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