Sun Chemical Adds Tariff Surcharge
Sun Chemical announced it will implement a tariff surcharge on color materials products affected by recent global trade developments, including pigments imported and produced in the United States.
Although the company sources and manufactures a high percentage of its materials domestically, the newly imposed tariffs are driving up costs for base chemicals, raw materials, equipment parts and supply chain operations. Sun Chemical stated it will leverage its global manufacturing footprint and supply chain to help minimize impacts.
“We acknowledge that this surcharge represents a significant cost increase,” said Brian Panczyk, president of the color materials division. “As the tariff situation continues to evolve, we are committed to adjusting our approach fairly while pursuing supply chain options to mitigate the tariff impact. We value the business of our customers and appreciate their understanding during these challenging times.”
The effective date and amount of the surcharge will vary by country and will be communicated directly to affected customers.
On April 2, the United States imposed broad import tariffs, with retaliatory measures from more than 60 countries. Most countries now face an additional 10% tariff, while tariffs on imports from China have increased to 145%. China has responded with a 125% tariff on most U.S. imports.
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