September 25, 2018

To Our Valued Customers:

The U.S. Commerce Department announced the third phase of tariffs on a broad range of goods manufactured in China (commonly referred to as section 301). There has been little or no notice for the first two phases and merely days before the effective date of phase three which was dated September 24, 2018. These new tariffs are in addition to those previously announced and currently covers roughly $200 Billion worth of goods. Although the new tariff is 25% in total, the government has announced a phased in approach for this third round. An initial 10% was levied on September 24th while the balance of 15% will be effective January 1, 2019 bringing the total to 25%.

As a result, Legend will be forced to pass on these costs. Those products impacted by all prior tariffs that have not already been raised will also be incorporated into this round. Therefore, on October 8, 2018 we will raise the following categories in direct proportion to the tariffs:

Price lists in excel will be available by Monday October 1st for download. We will not be mailing these new price sheets.

Beginning Monday October 1st, 2018 you can go to: http://www.legendvalve.com/list-pricing to get the most current information and to download the updated excel files. Legend will not be mailing the new price lists.

Legend always remains flexible. However, these tariffs are unprecedented and require us to limit purchases to 1/12th of annual purchases prior to the effective date. Back orders processed after October 8th will be released at the new price. Products with release dates will be reviewed and Customer Service will contact you if necessary.

Thank you for your understanding and continued support. Please call: 1-800-752-2082 and ask for Customer Service with any questions. They will be happy to assist you.

Jeff Shreiner
VP Sales
Legend Valve & Fitting, Inc.