VAN METER SHARES 2025 TARIFF POSITION AND GUIDANCE

February 12, 2025

van meter shares 2025 tariff position and guidance

Over the past few weeks, the United States Government has indicated intentions around and/or has implemented tariffs on imports from Asia, Europe, Mexico and Canada.

This is a fluid situation. It is having a significant impact on the electrical and automation distribution industry and the customers we serve in the construction, manufacturing, and energy sectors.

What we want you to know…

  • Our team at Van Meter has the experience and expertise to support you and help keep your business running, especially during times of challenge and uncertainty. We have been navigating situations like this for nearly 100 years.
  • We are monitoring tariff activity carefully, staying in touch with our manufacturers and developing strategies that address a variety of possible outcomes. We do not know with certainty what will transpire, but we will be ready and respond accordingly.
  • We are proud to support the important work you do and take our commitment to making sure you have what you need when you need it very seriously. We will keep you informed as tariff impacts develop. Our communication will include tariff-related pricing adjustments, any changes to our product selection or availability and if there are anticipated delays or shortages of specific materials.
  • We are not currently experiencing supply chain challenges. We encourage you to maintain your current buying behaviors as pre-buying or stockpiling could create challenges within the greater marketplace. If you have concerns about a specific product, reach out to your sales representative so we can discuss and collaborate.

Thank you for trusting us as your distribution partner.