Price Adjustment due to Tariffs and Global Economic Context

Price Adjustment due to Tariffs and Global Economic Context

Parker Hannifin Singapore Pte Ltd (Co. No. 197601849R)

 

No. 11 Fourth Chin Bee Road Singapore 619702

 

Phone +65 6887 6300

 

Fax +65 6265 5125

 

11 Apr 2025

 

Subject: Price Adjustment due to Tariffs and Global Economic Context

 

Dear Valued Distributor/Customer,

 

We would like to inform you transparently about an upcoming price adjustment, effective as of May 19, 2025. This decision has not been taken lightly but is the result of current geopolitical and economic developments that are directly impacting our supply costs.

 

As you may have seen in recent news, the U.S. administration under President Donald Trump has announced new tariff increases on a wide range of imported and exported products. These measures are significantly affecting global supply chains, especially products sourced from or shipped to the United States.

 

As a result, our pricing will be adjusted as follows:

 

 A 4.5% increase on shipment will apply to products sourced from the United States, which are

 

directly affected by these new tariffs.

 

 A moderate 2.0 to 2.5% increase on shipment will apply to products sourced from the rest of the

 

world, due to the broader impact on logistics and import costs.

 

This price adjustment will take effect on May 19, 2025 on Shipment.

 

To ensure clarity and fairness, we will contact you individually to reprice the affected orders. New price list with more detail will be published on MyParker and JDE by May 01, 2025.

 

We fully understand that price changes may raise questions, and we remain at your disposal to discuss and support you through this transition. Our commitment to quality, service, and transparency remains unchanged.

 

Thank you for your continued trust. Please don’t hesitate to reach out with any questions.

 

Sincerely,

 

Christophe Rigaudie Managing Director ASEAN / ANZ

Du Wei Sales & OperaƟon ManagerSingapore & Vietnam