To Our Valued Customers,
Over the past 107 years, five generations of my family have had the honor and privilege to serve the interior design trade with passion, strength and stability. We have always weathered challenges and obstacles with transparency, and always with a strong belief in partnership and a sharp focus on doing the right thing. We will follow the same path now.
As you are all aware, we are facing recently imposed tariffs on all of our imported products, effective this week. We do source globally from a wide assortment of craftspeople, artisans, small weavers and printers. All of these will be subject to varying percentages of tariffs. Please note that our domestic sources, which are a significant part of our product mix, will not be subject to any tariffs.
As a result of the tariffs, our intention is to fairly allocate the costs across our suppliers, our customers and ourselves. Beginning on May 1st, a tariff surcharge based on country of origin will be added as a separate line item on our invoices. The specifics will be clearly stated on our website. We believe that this degree of transparency and clarity will provide you with the confidence of knowing what your costs will be and what you need to communicate to your clients.
The details of our plan are as follows:
- We manufacture our furniture in the USA, so there will be no surcharges on Kravet, Lee Jofa, Brunschwig & Fils and Donghia furniture.
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Beginning May 1st, we will add a tariff surcharge of between 5 and 9 percent to our fabrics, wallcoverings, carpets, and trims depending upon the tariff imposed on us for each country of origin. We structure it this way first, to be most transparent. Second, it allows us the flexibility to adjust the surcharges when and if the tariff percentages change. The current surcharges will be:
- 5% - United Kingdom, Turkey & Nepal
- 7% - European Union (including Italy, France, Belgium, etc.) & India
- 9% - All others (which account for less than 5% of our product)
- All existing in-house orders will not have an added surcharge.
- Existing quotes will be honored without tariffs through April 30th
- We do not expect the tariffs, in any way, to affect our efficient supply chain.
We understand this is a time of volatility and uncertainty. We are doing our best to help alleviate some of this through transparency and the clear plan detailed above. Our sincere hope is that this will provide you with the confidence you deserve to meet the needs of your clients and their projects.
As always, we are here to support you and our beloved industry and are always available for your questions. Please count on us and our entire team.
Sincerely,
Cary Kravet
on behalf of the Kravet family and our entire team