FROM RI – IMPORTANT:
PLEASE SEE BELOW INFORMATION RECEIVED THIS AFTERNOON FROM GRIMCO. PLEASE NOTE THAT THEY ARE GIVING RI MEMBERS A FEW EXTRA DAYS BEFORE IMPOSING THE NEW PRICING BASED ON TARIFFS. THIS IS ANOTHER BENEFIT OF BEING ON RI MEMBER.
IF YOU WERE THINKING OF PLACING AN ORDER IN THE NEAR FUTURE, YOU MIGHT WANT TO PLACE IT ASAP BEFORE THE NEW TARIFF IMPACTED PRICING GOES INTO EFFECT ON MONDAY!
FROM GRIMCO:
We want to inform you of upcoming price adjustments due to the newly implemented 125% tariffs on products imported from China. For most Grimco customers, the following changes take effect Friday, April 11. However, to better service your network, these changes will take effect for RI Members on Monday, April 14.
These changes directly impact several product categories we source from China:
- Briteline Rollup: +20%
- Scrim and Mesh Banner: +25%
- GP-BASE: +35%
- Banner Stands: +40%
- Steel Frames: +40%
These increases reflect the additional cost burdens imposed by the tariffs, which took effect without a grace period.
Please note that there is currently a 90-day pause on all reciprocal tariffs impacting other countries, providing some relief, and helping us maintain stable pricing across other product lines. For example, while Epson initially implemented a 24% increase last Saturday, they have since reversed that decision considering this temporary pause.
We understand the impact price changes can have on your business, and we remain committed to transparency and communication as these global trade policies continue to evolve. Please reach out to your account representative with any questions or concerns. This information is subject to change, and if/when it does update, we’ll be sure to inform you as soon as possible.
Just to reiterate, these changes will be implemented for your network on Monday, April 14 as opposed to Friday, April 11 as is the case for most customers.
Thank you for your continued partnership and patience,
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