Extended product tariff exclusion for computer cases in the US
The U.S. Trade Representative’s office (USTR) has decided to extend all currently valid tariff exclusions for a range of products, including the computer case category, through May 31st, 2024. Fractals previous tariff exclusion was set to expire on December 31st, 2023, which means that this decision provides a five-month extension.
Fractal’s net sales in the US, rolling 12 months ending September 30th, 2023, amounted to 273 SEKm, representing 35% of our total net sales. During 2021, Fractal paid an import duty of 25% of product cost for all products imported to the US from China.
Background
In 2018 and 2019 the USTR imposed multiple rounds of tariffs towards the import of certain products imported from China, followed by a tariff exclusion process introduced in 2019. The former administration introduced 2 200 exclusions for the year of 2019 and 549 exclusions for 2020. Fractal was granted an exclusion from tariffs in March 2020 for computer cases, which was valid retroactively from September 2018 and lasted through December 31st, 2020. Fractal was granted another tariff exclusion in March 2022 to be effective retroactively from October 12th, 2021, through December 31st, 2022. A new tariff exclusion was decided for the computer case category, from January 1st, 2023, to December 31st, 2023 which has now been extended to May 31st 2024.
For more information, please contact:
Hannes Wallin, CEO and founder, Fractal Gaming Group AB
Phone: +46 31 380 71 00
E-mail: IR@fractal-design.com
Karin Ingemarson, CFO, Fractal
Telephone: +46 31 380 71 00
E-mail: IR@fractal-design.com
Certified Advisor
FNCA Sweden AB
Box 5216
Nybrogatan 34, SE-102 45 Stockholm
+46(0)8-528 00 399
info@fnca.se
About Fractal
Fractal Design is a PC gaming hardware manufacturer based in Gothenburg, Sweden. Since its inception in 2007, Fractal has developed gaming products which fuse Scandinavian design, user-centric innovation and premium quality. Today, Fractal offers gaming hardware to customers around the globe from its offices in Sweden, Taiwan and the US.