Today we are pleased to announce a 7.5% DECREASE in our bag prices.
In addition to the market forces discussed in the last post, resin prices are now a part of the President’s trade war with China. Tariffs were planned to increase on July 6 with the latest round of escalation in the war. Without warning, those tariffs were not applied and are now expected to go into effect with the next round of tariffs on some unspecified future date.
All of this is making it difficult for us to be able to predict our prices for any length of time. It is also making it difficult for you to stay within your budget. At the moment, our prices are lower than they have been for quite some time. We expect prices will be changing again, but we don’t know when or by how much.
Thank you for your understanding,
Lou