The Impact of Tariffs In Our Industry
Aside from where you stand on the political spectrum of tariffs, the facts are that these tariffs; particularly 25% on steel and 10% on aluminum imports have had an adverse effect across many industries, impacting goods from washing machines and automobiles to soup cans. And no less so, in the electrical and building industries impacting the prices of rebar, electrical and plumbing conduit, boxes, fittings and countless other construction products.
Since the beginning of these "tariff wars", the electrical industry has been reeling from the ceaseless onslaught of manufacturer price increase notifications. We will continue to post these price increase notifications here as we receive them. For additional details about these tariffs, read the Reuters' "Factbox" piece here.
Tariffs in the News:
Periodically, during the course of the year, our manufacturers will send out notifications of price increases to cover increases to their raw materials; steel, copper, aluminum, zinc, plastic resins, and so on. Connexion posts these price increase notifications towards helping our customers with their cost budgeting and assist in any available pre-increase purchase opportunities.
|Manufacturer||Increase Percentage||Effective Date|
|RAB Lighting||Range: 8 - 14%||11/16/2018|
|Thomas & Betts||3 - 6% (metal framing, fastening products||10/15/2018|
|Hammond Power Solutions||Undefined||10/8/2018|
|Leviton||Range: 4 - 12%||10/1/2018|
|LEDVANCE||Range: 2 - 7%||10/1/2018|
|Hubbell - Killark||4%||9/17/2018|
|RAB Lighting||20% for HID/CFL/Incandescent fixtures, 8% for all Poles products.||9/17/2018|
|Gardner Bender||(16-32%) Varies by product line||4/1/2018|
|ABB||Varies by product line||3/26/2018|
|Thomas & Betts||Range: 3-5%||3/26/2018|
|Philips-Lamps & Ballasts||(5-15%) Varies by product line||3/15 & 6/1/2018|
|Hammond Power Solutions||Apprx. 4%||3/2/2018|
|Atkore-Powerstrut||Channel: 6%, Fittings: 4%||2/5/2018|
Connexion is working hard with our manufacturers to honor secured project pricing agreements. We have been successful in most cases but with projects that have a longer duration, the results of our efforts have been mixed...
Questions? Please contact your Connexion sales representative for details; including product lines affected and available pre-increase purchase opportunities.