This is an update to our tariff information provided on May 8, 2025. As a result of recent trade talks between the United States and China, we’ve seen a welcome reduction in the overall tariff rate. Below is a synopsis of the current tariff rates in place:
- Goods from China have had the tariff rate reduced from 145% to 55%. (Change)
- Steel and aluminum imports are subject to a 25% (No change)
- There is a 10% Reciprocal Tariff now in effect for goods originating from all countries within our non-domestic supply chain, except for Mexico and Canada. (No change)
We continue to closely monitor the developments surrounding tariffs and have taken proactive steps during the past several months to mitigate the effect on our product costs and product pricing.
The situation remains fluid, but based on the current tariffs being imposed, here is our current position:
- Global Supply Chain: Vantage sources raw material and components from various global geographies. This supplier diversity helps us ensure product availability and avoids overreliance on a single country or region. In addition, we have a strong domestic supply base.
- US Based Production: Vantage has continued to manufacture its products in the United States. We have maintained this manufacturing footprint for well over 100 Our continued investment in our US-based operations has us well-positioned to continue supporting our customers and mitigating current tariff impacts.
- Price Adjustments: With the enforcement of the reduced tariff levels mentioned above, we have again reviewed our cost and pricing assessment. As a result, and to minimize any disruption to your business and ours, we are reducing the price increases previously announced on May 8, These positive changes will take effect on May 20, 2025:
| Business Unit | Product Line(s) | May 8, 2025 | May 20, 2025 |
| Courion | All | 4.70% | 2.8% |
| Elevator Controls | All | 3.60% | 2.9% |
| Vantage Sacramento | Submersible Pump Units | 5.90% | 3.1% |
|
GAL-Bronx |
Door Equipment Controllers Parts |
3.60% |
1.6% |
|
Hollister Whitney |
HW #34, #44, #54, #64, #74 Machines
HW Gearless Machines GT11 & GT31 Machines |
8.8% |
2.5% |
| Linear Rope Grippers
Roller Guides |
8.3% | 2.5% | |
| Sheaves Dry Pump Units
Governors |
4.3% |
2.2% |
|
| Hydraulic Rope Grippers
Safeties |
3.8% | 1.9% | |
| Other | 3.8% | 1.9% |
NOTE: For any open quotations provided between May 8, 2025, and May 19, 2025, please reach out to your Vantage sales representative if you require updated pricing
We understand the importance of transparency regarding tariff-related costs for you and your customers. System limitations preclude us from identifying these costs as separate line items on quotations and invoices. Please use this letter as official documentation if necessary. Should additional information be required, then our team remains available to assist.
We are committed to keeping you informed and will provide timely updates as new information becomes available.
If you have any concerns, or require additional information, please feel free to reach out to your Vantage sales representative.
Thank you for your continued trust and business with Vantage.
Sincerely,
The Vantage Team
