How $16B in Tariffs Will Affect the Vaping Industry and EightVape

Proposed Tariffs 

On Tuesday, the United States Trade Representative announced that 25% tariffs on $16 billion worth of Chinese imports will take effect on August 23rd, 2018. 

Starter kits, ultra-portable systems, AIO kits, and other vaping systems that come with a complete mod and kit are included in the list of tariffs that will take effect on the 23rd. Batteries, tanks, coils, and other hardware are under the shadow of the axe, with intentions from President Trump to release another $200 billion worth of tariffs on Chinese imports. 

This means that prices in the vaping industry will increase—no doubt about it. If retailers want to maintain their profit margins (margins that are below standards in other industries), this means that prices for the consumer will increase to account for loss of ROI (return on investment). A 25-30% increase on prices should be expected. 

What does this mean for EightVape? 

We have made a resolution to withhold from increasing our prices until all of our current warehouse inventory is gone. Prices will remain affordable and will continue to be set with the best interest of our customers in mind, and we will take on the increase in cost and loss on ROI for the time being. 

We do not know at what percentages our prices will increase when our current inventory is fully depleted. We are still working on a policy that will sustain a growing business model and account for the needs of our customers. 

As far as how long our inventory will last, we can not know for sure. We have thousands of products, and thousands of variants of each product, but our average daily orders are in the thousands as well. 

Suggestion: buy your stuff now

Wherever you shop, I suggest you make your purchases now. After August 23rd, vaping kit prices on the market will surge, and if the $200 Billion Tariff Proposal passes law, then tanks, mods, batteries, coils, and accessories will follow. EightVape will not raise prices until our current inventory is gone, but we expect that our daily order numbers will increase after this news.

Thanks for reading and feel free to comment your questions or concerns.

All love, vape fam.