Effective March 2025, tariffs on imports from Canada, Mexico, and China will take effect, leading to increased costs for critical components used in the manufacturing of our service cranes, dump hoists and accessories. As a result, we are compelled to pass along these cost increases to our valued customers.
What This Means for Our Customers:
The new tariffs impose a 25% increase on products imported from Canada and Mexico, including several key vehicle parts and materials used in the production of our service cranes. Additionally, a 10% tariff on Chinese imports will further affect component costs. These changes are expected to raise production costs significantly, impacting both the manufacturing and delivery timelines of our products.
As a company dedicated to providing the highest quality products and services, we understand that price increases can be challenging for our customers. Our team at Venco Venturo Industries LLC is working diligently to mitigate these effects by evaluating alternative sourcing strategies and optimizing our operations to maintain competitive pricing where possible.
Impact on Product Pricing:
Starting immediately, our products may experience price increases ranging from 5% to 25%, depending on the specific components impacted by the tariffs. We encourage our customers to reach out to their Venco Venturo Industries sales representatives for detailed information on how these changes may affect their specific orders.
Commitment to Transparency and Support:
At Venco Venturo Industries LLC, we remain committed to providing the best value and support to our customers during this period of change. We believe in transparency and will continue to keep our customers informed about any further developments regarding these tariffs and their impact on product availability and pricing.
For more information, or to discuss how this change may affect your upcoming orders, please contact our customer support team at 800-226-2238 or via email at info@venturo.com.
We appreciate your continued partnership and understanding as we navigate these economic challenges together.