Tariffs have significantly increased the cost of imported parts essential to our business. Over 40% of our parts are imported from Mexico, with a new 10% tariff rate. Another 36% are sourced from China, Japan, Korea, Germany, Thailand, Taiwan, Vietnam and India which have tariff rates as high as 46%. The remaining countries in the top 20 with new tariffs account for approximately 13% of imported parts and have tariffs between 10% and 32%. While we have worked to diligently adjudicate claims in order to manage costs, the sustained impact of these tariffs now requires a modest adjustment to ensure we can continue to deliver the quality and service you expect. | 
