Policy on Possible 2025 Tariffs Affecting Products at Ocean State Hobby LLC

Purpose: The purpose of this policy is to inform our valued customers that potential tariff increases in 2025 may impact the pricing of products at Ocean State Hobby LLC. As tariffs on imported goods fluctuate, this may influence our costs, and, in turn, the prices of certain products.

Policy Overview: Ocean State Hobby LLC is committed to providing customers with high-quality hobby and craft products at fair prices. However, due to global trade dynamics, particularly potential tariff adjustments in 2025, we anticipate that some of our products may experience price increases. This policy ensures transparency about how changes in tariffs could impact product pricing.

Impact of Potential Tariffs in 2025:

1. Tariff Increases: If tariff rates rise in 2025, this could affect the costs of raw materials, finished goods, and other products that we import. Increased tariffs can lead to higher import costs, which may prompt price adjustments for certain products.
2. Affected Products: While not all products will be affected, certain categories may see more significant price changes. These may include (but are not limited to) imported hobby models, craft supplies, toys, and materials that rely on overseas suppliers. The specific impact will depend on the tariff changes and the countries involved.
3. Price Adjustments: In the event that tariff increases result in higher costs for Ocean State Hobby LLC, we may need to adjust the prices of certain affected products. We will strive to minimize the impact on our customers while maintaining the quality and value of our offerings. Price adjustments will reflect the increased costs of acquisition and production due to the tariffs.

Customer Communication:

1. Transparency and Notification: Ocean State Hobby LLC is dedicated to maintaining transparency in our pricing structure. Should tariff-related price changes occur, we will notify our customers in a timely manner through in-store signage, updates on our website, and direct communications where applicable.
2. Ongoing Review: Tariff rates can change throughout the year. We will continuously monitor the situation and adjust our prices as needed. Any changes will be made in alignment with the evolving trade environment to ensure that we continue offering competitive pricing without compromising on product quality.

Conclusion: At Ocean State Hobby LLC, we understand the importance of offering products at affordable prices. However, in light of potential tariff increases in 2025, some price changes may be necessary to accommodate rising costs. We are committed to keeping our customers informed and providing the best possible service and product selection despite these external factors.

For further inquiries or questions regarding specific products, please reach out to Joe or Don.

Effective Date:
This policy is effective as of January 2025.

Ocean State Hobby LLC reserves the right to amend this policy based on future changes in tariffs or economic conditions.