Monarch Brands, a provider of hospitality textiles has refused to raise prices for hospitality distributors and commercial laundries after the recent round of tariffs, according to a company news release.
The recent round of tariffs include a 15% increase on all microfiber garments and cleaning products including wholesale microfiber cloths, wholesale microfiber flat mops, and specialty items such as microfiber mitts and wands. This puts all hospitality suppliers and end users at a disadvantage as China manufactures over 95% of the world’s microfiber.
While other countries could begin to manufacture microfiber, it would take many months and millions of dollars to build or retool, train, and to produce quality microfiber for the same price as Chinese microfiber cloths and mops.
“Our business is built on long-term relationships. We understand tariffs to be a short-term tactic and are prepared to hold the line while finding a work-around for the long-term benefit of our customers,” said, Hal Kanefsky, president, Monarch Brands.