Eaton and Acuity Pause Price Increase as Trump Postpones the Additional Tariffs

On March 5, 2019, the U.S. government announced the notice to postpone the 25 percent tariffs on Chinese imported products and the duty will remain 10 percent until further notice. Before the official notification released, U.S.-based companies Acuity Brands and Eaton have announced the pause of their scheduled price increased in response to the delayed tariff implementation.

Eaton planned to increase price on March 1 due to the expected extra tariffs on Chinese-manufactured products including components and finished goods. Acuity Brands also announced a price increased earlier in February for the same reason.

Then Eaton announced on February 25 and Acuity on February 27 that they will not proceed the price increase as the Trump administration has intended to delay the 25 percent tariffs.

However, the companies also noted that they will continue monitoring the USTR actions and adjust price accordingly if the extra tariffs come to effect later.

The extension of the trade war marked the on-going negotiation between the U.S. and China. Although the “end” of the trade war is expected by both sides, the final agreements have yet reached.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.
ams OSRAM’s OSIRE® E3731i and Stand-Alone Intelligent Driver (SAID) use OSP license-free protocol to connect color LEDs, sensors and microcontrollers. ams OSRAM, a global leader in intelligent emitting and sensing technologies, will... READ MORE

JBD, a pioneering MicroLED display manufacturer, has set a new standard with its Phoenix series microdisplay, achieving an industry-record white-balanced brightness of 2 million nits. JBD’s Phoenix - Native Monolithic RGB Panel Leveragin... READ MORE