Brief: Johnson Outdoors Granted Exclusions From Section 301 Tariffs

Johnson Outdoors

25/09/2019 24:40

Sept 24 (Reuters) - Johnson Outdoors Inc  JOUT.O :
    * JOHNSON OUTDOORS GRANTED EXCLUSIONS FROM SECTION 301
TARIFFS
    * JOHNSON OUTDOORS -EXCLUSIONS CONCERN COMPONENTS CURRENTLY
SOURCED FROM CHINA FOR PRODUCTS MADE IN NORTH AMERICAN
PRODUCTION FACILITIES & SOLD WORLDWIDE.
    * JOHNSON OUTDOORS INC- COMPANY IS REDUCING ESTIMATED IMPACT
OF
SECTION 301 TARIFFS ON FISCAL 2019 PROFITS FROM $5-7 MILLION TO
APPROXIMATELY $3 MILLION
    * JOHNSON OUTDOORS -EXCLUSION REQUESTS WERE REVIEWED &
APPROVED BY
BOTH UNITED STATES TRADE REPRESENTATIVE AND U.S. CUSTOMS AND
BORDER PROTECTION (CBP).
    * JOHNSON OUTDOORS - EXCLUSIONS EFFECTIVE FOR 1 YEAR FROM
DATE
THEY WERE APPROVED
    * JOHNSON OUTDOORS -EXCLUSIONS TO ALLOW CO TO BE REIMBURSED
FOR
TARIFFS ASSESSED & PAID ON COMPONENTS COVERED BY EXCLUSIONS
BEFORE THEY WERE APPROVED

Source text for Eikon:  ID:nGNXs6bRR 
Further company coverage:  JOUT.O 

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