Statement Regarding Tariffs on China-Origin Products
Sep 12, 2018
The White House has announced that they will be imposing tariffs on China-origin products imported into the U.S., effective Monday, September 24th. The tariffs have been set at 10% until the end of the year when they are expected to increase to 25%.
Following suit with others in the industry, Juniper will be passing along the unmitigable portion of the tariff costs of impacted products to our partners and customers as additional import tax charges. Therefore, all orders for impacted China-origin products shipping to US locations on and after Monday, October 1st, 2018 will be subject to this additional import tax. For the balance of 2018, the import tax charge is expected to be 3.5% net for the impacted SKUs. While this cost is an unfortunate increase for our customers, we are diligently working to mitigate the added burden.
Chief Financial Officer, Juniper Networks
NOTE: This statement was updated on September 25, 2018.
NOTE: This statement was updated on October 15, 2018.