Tariff Quote Watch: ACCO Brands Marks Prices Up, Lots More to Come — Panjiva


Tariff Quote Watch: ACCO Brands Marks Prices Up, Lots More to Come

China 1758 Cons. Discr. - Retailing 156 Tariffs 1169 U.S. 3297

ACCO Brands has increased prices by 3% to cover tariffs on its office products imports from China that account for 15% of its goods sold. CEO Boris Elisman has indicated that larger increases will be needed in January but that the firm will only assess alternative supplies to China when it is clear tariffs are permanent. ACCO is particularly exposed to China, which represented 61.8% of its U.S. seaborne imports in the 12 months to Sept. 30. There are two risks looking ahead. First is the increase in duties to 25% from 10% for its imports of office machines – 23.3% of its imports fr...

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