Master Electronics, a leading global distributor of electromechanical, interconnect and passive components, announces it has established itself as a Tariff Free Zone in response to the 10-25% tariff increase on product lines originating from China.
Riad Nizam, President of Master Electronics states, “At Master Electronics, we focus on ease of doing business and have a passion for helping customers and supporting manufacturers. That’s why, while complying with the government’s requirements, Master Electronics will also absorb the full tariff policy impact in order to preserve our customers’ current ordering experience with absolutely no disruptions.”
As explained on the company’s website, the Tariff Free Zone is open to current and new customers.
For the foreseeable future, customers can expect:
- No price increases due to the tariff policy
- No surcharge at checkout due to the tariff policy
- Any orders placed before the tariff policy went into effect can be expected to ship per the original approved PO
- New orders will not be affected by the tariff
Nizam adds, “We understand this decision will have a significant impact on our bottom-line. However, as a steadfast supporter of American business and employees, and a proponent of American design and ingenuity—we believe it’s the right thing to do, and we can do no less.”
Continued updates can be found at www.masterelectronics.com/tfz
And tune in to EEWorld next week for an exclusive interview with Riad Nizam.