The United States and China agreed Monday to reduce tariffs for 90 days. This de-escalation reduces the new tariff burden from 145% to 30% (in addition to the prior Section 301 and General Duties) for Chinese goods. If products are subject to section 232 (Steel and Aluminum) tariffs, the new tariff burden for Chinese goods remains unchanged at 45% (in addition to the prior Section 301 and General Duties).
Matco-Norca is pleased to announce that the previously scheduled 60% list price increase for Chinese products, originally set to take effect on April 15, 2025, has been rescinded.
To address the revised 10% tariff, Matco-Norca will implement a more moderate list price increase of 8.33%, effective Friday, May 16, 2025. This adjustment will be based on the March 31, 2025 list prices and will apply to all affected products.
Product categories and percentages are outlined below. Please note that percentages for individual products within broader product categories may vary.
Updated price lists will soon be available through your sales representative and on our website.
