Crown Crafts, inc. (CRWS)

[wadirum1]

Here's what I thought was meant by rounds 1, 2, and 3:

Round 1: 25 percent tariffs on $50 billion worth of Chinese technology goods including machinery, semiconductors, autos, aircraft parts and intermediate electronics components imposed Summer 2018 as part of “Section 301” probe into China’s intellectual property practices

Round 2: 10 percent tariffs on $200 billion worth of Chinese goods including chemicals, building materials, furniture and some consumer electronics, imposed on Sept. 24, 2018, as a response to Chinese retaliation.

Round 3: Increase of the 10 percent Round 2 tariffs to 25 percent (done on May 10).

Round 4: Threatened application of 25 percent tariffs to all remaining Chinese exports to US. (Not yet done, and now less likely to occur.)

So, when the CEO was speaking in June 2019, I was thinking he had included the increase from 10 to 25 percent on the selected goods in what I've labelled Round 3.

Here's an article that uses the term "tranche" in the same way I (and I believe CEO Chesnut) have used "round": https://www.hugheshubbard.com/news/section-301-tariffs-increase-to-25-for-tranche-3-goods-from-china. Or, here are the tariffs by "list": https://ustr.gov/issue-areas/enforcement/section-301-investigations/search


Here's a NYTimes story on how one apparel company was bracing for what I've labelled as Round 4 (having dodged major impacts of rounds 1-3): https://www.nytimes.com/2019/06/05/business/media/tariffs-retail-clothes-everlane.html

Finally, I did some searching of the tariff lists. For instance, cotton bedding, not embroidered, not napped is on List 4 (which is the one that was just tabled).