RSR
Platinum Member
From a recent Reuters article (U.S. companies adapt to 'endless' China tariffs | Reuters)
"Some companies are resorting to the price hikes they have been delaying. Kubota held off raising prices until now in hopes that the costs associated with tariffs - including higher prices for imported parts from China - would be short-lived. Kubota has 10 U.S. factories, with seven in Kansas. Its business has been hammered by retaliatory tariffs on U.S. farmers, said Stucke.
“We held out as long as we could,” he said. The company is implementing across-the-board price increases of 1 to 5 percent, depending on the item, as of Friday."
"Some companies are resorting to the price hikes they have been delaying. Kubota held off raising prices until now in hopes that the costs associated with tariffs - including higher prices for imported parts from China - would be short-lived. Kubota has 10 U.S. factories, with seven in Kansas. Its business has been hammered by retaliatory tariffs on U.S. farmers, said Stucke.
“We held out as long as we could,” he said. The company is implementing across-the-board price increases of 1 to 5 percent, depending on the item, as of Friday."