New Tariffs Announced Impact Valve Industry

President Trump today signed an executive order and announced a minimum 10% tariff on all U.S. trading partners, with many countries being assessed more, up to 49%. Example rates he cited in his press conference include: China 34%, India 26% and the European Union 20%.

Many valve manufacturers and end users source products from these countries and will be impacted. The VMA is hosting a webinar on Friday that will provide an overview of these tariffs and trade implications, and other tariffs that have already been announced. The webinar will also provide information on other legislation and regulatory issues impacting the fluid control industry, including tax legislation. This free, members-only webinar is being held on Friday, April 4. Kelley Drye, a consulting firm to the VMA, released this blog post about the tariffs and their potential impacts and will present more about this in the webinar.

Valve and the VMA will continue to report on relevant information, including potential responses from the other countries and the impacts.