Currently, there is a lot of political uncertainty in the world to say the least.
We’re not going to delve too deeply, but in case you weren’t aware, the US government has been imposing tariffs (additional taxes) on goods imported from China as a way to punish China for actions that the US didn’t like.
There have been many goods placed on this list totaling approximately $300 billion worth of Chinese imports. These goods will be taxed at an additional 10% to make them more expensive to US consumers, and make us think twice before purchasing.
The problem is, the items on this list aren’t just bits and baubles that high schoolers enjoy ordering cheaply online. There are real business and U.S economy repercussions to some of these items.
One in particular that concerned our customers was shipping containers: the large, steel boxes that can be stacked high and travel on boat, train, or truck to carry large amounts of goods. When these boxes arrive in the US on the big Chinese cargo ships, our customers buy them for their movable storage, office rental, or modular building businesses.
If these shipping containers were included in this tariff, that means business would become 10% more expensive for our customers, whose businesses rely on obtaining more boxes in order to grow!
Fortunately, for our customers in the portable storage industry, lobbying efforts by companies in the industry and the National Portable Storage Association (NPSA) have resulted in containers being removed from the tariff list…again! That means business will NOT become 10% more expensive for them at this time!
It remains to be seen if these rallying efforts will need to continue to prevent shipping containers from being subject to tariffs in the future. But, RMI is proud to stand with our container customers and is excited for the small victory that has been won!
Keep up the hard work!