China Tariffs and Alginate

China Tariffs and Alginate

Posted by Chris Baker (Dr. Alginate) on Oct 15th 2018

Alginate will be going up in price soon, and there's nothing we can do about it.

As you may have heard, there is a trade war going on between the US and China. Because our president believes that China has been treating US companies "unfairly", he has levied 10-25% tariffs on over $200 billion of Chinese products as they enter the US.

China is a manufacturing powerhouse and makes approximately 40% of the worlds industrial chemicals, many of which are now having a tarrif (tax) imposed upon.

Because of this many US companies will be raising their prices to consumers in the coming months, which will make stuff we all buy cost more.

Accu-Cast is in this thing too. Several of the chemicals we put in our alginates come from China. While there are other sources, they tend to be quite a bit more expensive than the products from China.

We're carefully reviewing exactly how these tarrifs will affect the cost/price of our products and will most likely be announcing price increases soon. We are all hoping that this Administration policy will be short-lived.

Until then, you might want to stock up on alginate.