Lumenwerx Assures Price Stability Amid Potential U.S. Tariffs
Lumenwerx has addressed concerns about potential U.S. tariffs on Canadian goods. On 1 February 2025, President Donald Trump announced a 25% tariff on imports from Canada, including a 10% tariff on Canadian energy products. These tariffs were originally set to take effect 4 February. However, after negotiations, the U.S. and Canada agreed to delay implementation by 30 days to allow more time for discussions. Both nations continue negotiating to resolve the trade dispute, but the outcome remains uncertain.
In a 3 February 2025 letter, CEO Morris Feldman assured customers that the company remains unaffected. He emphasized that customers will not face any tariff-related costs on Lumenwerx product deliveries.
“This development affects many industries, including ours, but our commitment remains steadfast,” Feldman said. “We will continue providing exceptional quality, seamless service, and the reliability that our partners and customers expect and trust.”
Despite potential challenges, Lumenwerx is confident in its ability to adapt. Feldman reaffirmed the company’s strong position, stating, “While we may adjust certain operations if necessary, these tariffs will not hinder our ability to move forward.”
Lumenwerx remains focused on delivering high-quality products at competitive prices. The company is committed to ensuring stability for customers as the tariff situation unfolds.
Read the letter below:
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