Sourcing News

Mechanical Power Status – COVID-19

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”...

Covid-19 / Coronavirus Updates From Mechanical Power

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...

USA / China Tariff News – Phase 1 Deal Signed

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...

USA & China Tariff War News – October 2019 Update

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...

Tariffs and Mechanical Power

The ever-evolving tariff situation and trade wars initiated by our current President have been difficult to keep up with due to the erratic nature of their developments.  The changes in tariffs have a direct impact on Mechanical Power and our customers as many of our...