Karrie International Holdings (HKG:1050) expects the higher US tariffs to have minimal impact on its operations, given that direct shipments affected by the policy represent just 1% of its total revenue for the fiscal year that ended March 31.
"The Group's direct shipments to the US that are subject to the Tariff accounted for approximately 1% of its total revenue for the year ended 31 March 2025 ... As of the date of announcement, the Board is of the view that the New Measures shall not have a material adverse impact on the Group's business," Karrie International said in a Monday disclosure with the Hong Kong Exchange.
The manufacturer of metal and plastic products added that it will continue to monitor the situation and will take steps to mitigate the impact of the new tariffs.
The statement comes after the US announced an "reciprocal" 34% tariff on China, raising duties on Chinese goods to at least 54%.
Shares of Karrie International slipped less than 2% in afternoon trade on Tuesday.
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