Tariff Quote Watch: Enersys Battery Tariff Charge Mitigated By Routings, Exemptions — Panjiva
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Tariff Quote Watch: Enersys Battery Tariff Charge Mitigated By Routings, Exemptions

China 2979 Industrials - Capital Goods 585 Quote Watch 452 Tariffs 1801 U.S. 5325

Industrial battery maker Enersys has incurred costs of $20 million in the current fiscal year due to U.S. tariffs or Chinese exports, or 7.8% of the prior year’s pre-tax profit. The firm has, however, “simply rerouted the Chinese product to Europe” according to CFO Michael Schmidtlein as well as having “been fairly successful in applying for and receiving exclusions (from tariffs) on some of the products”. The firm’s remaining exposure to China should be minimal. China represented just 13.6% of U.S. seaborne imports associated with the firm in the 12 months to Oct. 31, with 72.9% sourced...

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