MSC Industrial has reached an ongoing pricing arrangement with its industrial equipment customers. According to CFO Rustom Jilla the firm’s “customers understand” that price increases due to tariffs will be subsequently cut when duties are “rolled back”. While the company accelerated its imports of hand tools from China in December, the firm’s total imports from China were only 0.7% higher than a year earlier in the fourth quarter of 2018. The late surge in shipments was down to import of hand tools, which represented 41.7% of MSC Industrial’s imports and for which it currently has no al...