The new tariff policy announcement
In fact, since June 2018, the U.S Trade Representative imposed additional duties on goods of China. Annual trade value is approximately $34 billion with including thousands of categories. However, the U.S Trade representative initiated the exclusion process, for example, the sixth set of exclusions with 110 items will expire in July 2020.
In the latest policy announcement, only 12 items are extended through December 31, 2020. There are 98 items that haven’t been extended and these will be posed with 25% tariff, including recent hot-selling products such as acoustic pianos, helmets, some textiles, some plastic products, glasses cases, stainless steel accessories, child safety seat accessories, collectibles.
There is no doubt that suppliers and buyers will bear more price pressure. It is necessary for buyers to compare more platforms to find the most cost-effective products to earn higher margins. However, under this current economic environment, it is difficult to look for products with highly competitive prices. For suppliers, they should share tariffs with buyers and make a balance between price and quality, otherwise, they will lose many of their loyal customers.
For wholesale and buyers, how do we source and order directly from manufacturers to earn high margins now?
Crov.com brings you various business solutions to make your business simple, easy, and successful! Our wholesale service selects quality products for you and gives you the bulk pricing so that you can get a competitive wholesale price.
At the same time, you don't have to worry about the next transaction, logistics, after-sales service, and so forth. Because we have the U.S and Chinese professional services team, we are ready to assist you :
Ø Access to quality products from OEM manufacturers.
Ø Enjoy high margins on competitive bulk pricing.
Ø Door to door shipping with the transparent duty
Ø US local warehouses that provide fast delivery.
U. S. Customs has recently strictly inspected these products.
Since the pandemic, the U.S. Customs has strictly investigated. Customs handles a huge amount of goods every day. Once contraband is detected, they only adopt the method of batch detention. At this time, it is quite possible that all detained products probably include your ordered goods. Buyers need to spend a lot of time dealing with issues and this will delay our business and products release.
Due to the special sensitivity to pandemic prevention materials, the possibility of customs seizures greatly increased. It is necessary to pay attention to whether suppliers choose professional and reliable logistics service providers. According to Crov.com buyers’ experience, it is safe and fast to choose compliant e-commerce small package customs clearance model.Crov.com can help buyers track logistics status in this process, buyers just pay online and easily track their shipment.
Sometimes we don’t need to worry about logistics and shipment.
In Ontario, CA, there is a 200,000+ sq ft U.S. based warehouse with thousands of products in stock.Crov has a local warehouse pick-up option and can deliver to any location across the U.S.
How we face the pressure from express delivery?
Another difficulty that we faced recently is that local delivery was always delayed and lost, buyers needed to take a long to reserve in advance because of the increased cargo stack and limited truck resource. Many workers stay at home due to the pandemic, as a result, all kinds of express, air, sea and other goods are insufficiently staffed to deliver goods locally. People in the U.S. have started going back to their offices. The local logistics delivery situation in the U.S will be eased.
Are there any opportunities for US retail stores?
According to business insider, a lot of stores in the U.S are under the pressure of closing, many businesses have no choice but to apply for bankruptcy. To some extent, online stores have a great impact on offline retail stores, people seldom go to the store to purchase products. Actually, based on our platform new data, many products sales volume shows an upward trend, for example, back to school essentials is one of the most popular categories which achieves high margin in the past one month. According to the data from Import and export customs data, these categories also show an obvious increase.
Where can we purchase more categories of products direct from factories?
CROV Drop Shipping provides more than 35,000 products in 20+ different categories from trusted, quality vetted suppliers. You can choose the best quality products to drop ship from them. Most of the products are in stock in the U.S warehouse, buyers could order online and enjoy local fast delivery, the products are shipped by bulk before, so the price is competitive for buyers.
Do you have special requirements?
Crov.com can cover all your sourcing needs, U.S and Chinese professional team will support you to find good vetted suppliers with products at competitive prices.