Extended Tariff Exemption for Computer Cases in the U.S.
The U.S. Trade Representative's Office (USTR) has decided to extend tariff exemptions for a range of products, including the category of computer cases, until May 31, 2025. Fractal's previous tariff exemption was valid until May 31, 2024, meaning the decision results in a 12-month extension of the exemption.
Fractal's net sales in the U.S. amounted to SEK 262 million over the last 12 months ending March 31, 2024, which corresponds to 34% of the group's total net sales.
Background
In 2018 and 2019, the USTR imposed several tariffs on the import of certain products from China, followed by a tariff exemption process introduced in 2019. The previous administration implemented 2,200 exemptions for 2019 and 549 exemptions for 2020. Fractal was granted an exemption from tariffs in March 2020 for computer cases, which was retroactively effective from September 2018 and lasted until December 31, 2020. Fractal was granted a new tariff exemption in March 2022, retroactively effective from October 12, 2021, until December 31, 2022. A new tariff exemption was granted to be effective from January 1, 2023, to December 31, 2023, which was extended until May 31, 2024. The new tariff exemption now granted is effective from May 31, 2024, until May 31, 2025.
For more information, please contact
Jonas Holst, CEO
Telephone: +46 31 380 71 00
E-mail: IR@fractal-design.com
Karin Ingemarson, CFO
Telephone: +46 31 380 71 00
E-mail: IR@fractal-design.com
Certified Advisor
FNCA Sweden AB
About Fractal
Fractal Gaming Group AB is a PC gaming hardware company based in Gothenburg, Sweden. Since its inception in 2007, Fractal has built a distinct reputation among PC gamers and enthusiasts for combining Scandinavian design, user-centric innovation and premium quality. In 2021, Fractal Gaming Group AB was introduced to the Nasdaq First North Premier Growth Market. Today, Fractal offers PC gaming products through retail and distribution partners around the globe from its offices in Sweden, Taiwan, China and the US.