Dear Mechanical Power Customers, Despite Friday’s roll-out of an Illinois “lockdown”, Mechanical Power will be operational to the extent of answering phones, emails and shipping products to our customers in the coming weeks. We supply parts with “essential”...
As the COVID-19 / Coronavirus is growing worldwide and many countries are looking at creating stimulus as a temporary bridge through this difficult time, China is accumulating empty containers as they are getting ready to ramp up manufacturing. Airfreight rates are...
As all have seen in the news, the coronavirus in China is impacting global economies and specifically manufacturing relevant to our respective businesses. Mechanical Power has been closely monitoring the situation and quantifying any potential impact to our ability to...
Highlights of the Phase 1 Tariff Agreement On Wednesday January 15, the phase 1 China/USA trade deal was finally struck and signed. As a refresher, this phase took list 4a tariffs from 15% to 7.5% as of February 15. Unfortunately list 4a has very little to do with...
As we indicated in our previous blog covering the tariffs on imported goods, meetings did take place last week between U.S. and Chinese officials regarding the trade war and the tariffs. Slowly but surely, it appears that both sides are making progress. We have...
