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Author Topic: New Tariffs 10-18-19, Price Increase?  (Read 2871 times)

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Offline egmiii

  • Posts: 222
New Tariffs 10-18-19, Price Increase?
« on: October 14, 2019, 03:27 PM »
It appears new tariffs on tools from Germany will kick in on 10/18/19. Could someone confirm if Festool will be raising prices shortly after, and if so, by how much and on what tools?

Relevent section of list:

"Electromechanical tools for working in the hand, other than drills or saws, with self-contained electric motor"

https://www.crowell.com/files/EU_Large_Civil_Aircraft_Final_Product_List10022019.pdf
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Offline Peter Halle

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Re: New Tariffs 10-18-19, Price Increase?
« Reply #1 on: October 14, 2019, 05:00 PM »
I haven't heard a word about price increases.  But whereas that would fall under marketing it would not be unusual to not hear.  In other words, your guess would be a good as mine.

Peter
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Offline xedos

  • Posts: 702
Re: New Tariffs 10-18-19, Price Increase?
« Reply #2 on: October 15, 2019, 09:13 AM »
I'm "guessing" there is going to be a HUGE bump in Festool USA sales this Xmas.

Guessing they aren't going to absorb the tariff and ride it out either. 

Good news (for me at least) is my collection just got more valuable.
« Last Edit: October 15, 2019, 09:18 AM by xedos »
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Offline ultgar

  • Posts: 54
    • Ultimate Garage
Re: New Tariffs 10-18-19, Price Increase?
« Reply #3 on: October 18, 2019, 12:37 PM »
Looks like they're really targeting Germany on this.  Additional 25% (on top of the 6-9%) on German made hand tools (screwdrivers, pliers, knives & cutting tools, etc).  Most Festool items are HTS code 8467 and subject to the additional tariff if they were made in Germany.  I've been out of touch lately and don't know if Festool is making any products here in the US or Taiwan which would be exempt from this surcharge.  Wait until they go after German made cars.....that's likely to get a lot more attention.
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Offline Kevin D.

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Re: New Tariffs 10-18-19, Price Increase?
« Reply #4 on: October 18, 2019, 12:59 PM »
I tried looking this up on the internet a few weeks ago, but the info I found was pretty vague with what might be affected and I was somewhat curious if it affected Festool.  One place though termed the price increase as Industrial Tools and Machinery.  I kinda think that would exclude the types of offerings that are Festool.  I could be wrong though.
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Offline xedos

  • Posts: 702
Re: New Tariffs 10-18-19, Price Increase?
« Reply #5 on: October 18, 2019, 10:27 PM »
Perhaps Peter or Seth can nudge Festool into an official clarification ?

Surely they're aware of something as potentially big as this.   
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Offline SRSemenza

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Re: New Tariffs 10-18-19, Price Increase?
« Reply #6 on: October 18, 2019, 10:59 PM »
Festool USA is aware of this topic.  That's all for now.

Seth
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Offline Kevin D.

  • Posts: 976
Re: New Tariffs 10-18-19, Price Increase?
« Reply #7 on: October 19, 2019, 12:44 AM »
Just found what is a final list by the US gov in this CNBC article released Wednesday.

https://www.cnbc.com/2019/10/02/us-to-impose-tariffs-on-eu-products-after-wto-victory.html

If I read this correctly, electromechanical  hand held tools other than drills and saws from Germany will get hit with the 25% tariff.  Look on the list for items 8467.29.00
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Kapex, CT-SYS, SYS-Cart, Pro 5 Sander, CT36AC, TS75, MFT 1080, MF-SYS/2, PS300 EQ-Plus, Parallel Guides Set, LR32 SYS, RO 150FEQ-Plus, OF1400 EQ Plus, DOMINO 500 Q-Plus,  Domino XL, MFK 700 EQ-Set, FS-SYS/2, CT22 w/hose storage, D36HW-RS-Plus, FS 1900/2, FS 3000/2, FS 1080/2-LR32, FS 1400/2-LR32, Gecko, Festool Floor Mat, Festool Stein, Multi-Tool, tape measure, large and small Festool floor mats (foam rubber).
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