Tariff Quote Watch: Samsonite Shifts Sourcing Away From China, Just in Case Tariffs Rise — Panjiva
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Tariff Quote Watch: Samsonite Shifts Sourcing Away From China, Just in Case Tariffs Rise

China 1758 Cons. Discr. - Apparel 214 Tariff Quote Watch 91 Tariffs 1169 U.S. 3297

Samsonite has indicated that U.S. tariffs on Chinese exports of luggage, set at 10% since September, is “starting to impact some of our gateway cities”. CEO Kyle Gendreau has indicated price rises of 7% were sufficient to pass through duties to customers. Another price rise of a similar amount may be needed in the new year if duty rates rise to 25%. That’s leading the company to cut its reliance on China as a supplier to 80% of supplies in 2019 from 95% this year. The company may also be stockpiling into the new year with imports from China to the U.S. up 27.4% on a yea...

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