Impro precision: US tariff impact significantly reduced
Impro Precision Industries Limited has reported a less extensive impact from US Additional Tariffs than previously announced in its August 2025 announcement. The company stated that a majority of its US customers have agreed to absorb all or a significant portion of the recently imposed tariffs.
Furthermore, some product codes initially included in the New Tariff List have been confirmed as exempt from Additional Tariffs. This is due to these products not containing steel or aluminum content, which was a key factor in the previous tariff assessments.
The company plans to continue monitoring developments closely and will implement measures to mitigate any remaining impact of Additional Tariffs on its business and operations. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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