Certain Chinese-origin products imported by us into the United States are subject to additional tariffs under Section 301 of the Trade Act of 1974 at rates ranging from 7.5% to 25%, and certain steel items such as racks may also be subject to tariffs under Section 232.
Business · p. 185
However, we have identified U.S. domestic sources and alternative foreign sources of supply for items subject to significant increased tariffs to reduce this tariff liability.
Business · p. 185
The company's explanation, the adviser's view and the page in the filing: see MattersBased on the above, our business operations and financial performance have not been materially and adversely affected by such U.S. trade measures.
Business · p. 185