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“Made in the Americas” CASTELLE Will Not Be Impacted By Tariffs That Went Into Effect on Sept 24

“Made in the Americas” CASTELLE Will Not Be Impacted By Tariffs That Went Into Effect on Sept 24

FT LAUDERDALE, FL - Effective Monday, Sept 24th, a 10% tariff was placed on furniture products imported from China; resulting in price increases for the vast majority of the casual furnishings market. However, retailers of Castelle, manufactured completely in Costa Rica, will see no increase on Castelle product as these goods are not subject to the tariffs. 

“With all Castelle products made in the Americas, Castelle will not be subject to the 10% tariff, or the 25% tariff beginning on January 1, 2019.  As such, retailers will not lose profits or sales that could result from price increases necessary to offset the tariffs,” said Mark Stephens, president, Castelle. “Retailers can continue to offer tremendous quality and comfort with Castelle, and now at an even greater value when compared to product imported from China”

In addition, retailers of the Elements by Castelle brand will also see no tariff related impact, even though the brand is manufactured in China and is subject to the tariffs. “In anticipation of any possible tariffs, our team has proactively worked on identifying and executing company-wide efforts for cost savings that will effectively offset the impact of the 10% tariff,” continues Stephens. “In fact, in many cases, we were able to actually lower our prices from what was announced during the Casual Preview Show this past July.  Elements by Castelle was established as a brand created as one sensitive to the market place. These cost-efficient efforts are in keeping with this positioning. We are proud to be able to provide our retail partners with price reductions at a time when others are forced to extend increases on their products coming in from China.” 

www.castelleluxury.com

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