US tariffs disrupting Chinese exports as retailers delay orders, says Inspecs
Glasses maker Inspecs has warned US tariffs have โheavily impactedโ its Chinese factory and prompted many retailers to delay orders, as it reported a dip in sales.
The global eyewear business based in Bath, Somerset, said it had โexperienced first-handโ the effects of trade disruption and weaker consumer confidence.
Donald Trumpโs tariff hikes have been affecting manufacturing exports from China to the US, Inspecs told investors.
A considerable proportion of its retail customers were delaying orders while they wait for more certainty on trade policy.
Much steeper levies on Chinese exports to the US are currently on pause after the two countries agreed to extend a tariff truce until November.
It means US tariffs on Chinese goods are currently capped at 30%, while Chinese levies on US exports are held at 10%.
Inspecs, which sells its products in about 75,000 retailers, also said the first half of 2025 had been particularly challenging for its low-vision business in the US.
It blamed tariffs for increasing product costs, and in turn leading to some customers delaying purchasing decisions.
The company also pointed to government spending cuts affecting the low-vision division โowing to the changing political landscapeโ, which was contributing to slower demand and sales.
Sales totalled ยฃ97.6 million in the first six months of the year, down slightly on the ยฃ100.6 million generated last year.
It reported a pre-tax profit of ยฃ2.4 million for the half-year, down from ยฃ2.6 million the year before.
Nevertheless, the firm highlighted the launch of the Tom Tailor glasses brand in July, with initial sales ahead of target, as well as singer Gwen Stefaniโs eyewear collection LAMB launching a new website.
Inspecs said it was cutting its operating costs to help mitigate the effect of declining sales.
Chief executive Richard Peck said: โAs a global eyewear business, we have experienced first-hand the widely-reported macro-challenges, including ongoing tariff disruption and subdued consumer confidence.
โAs a result, group sales in the first half are slightly behind last year.โ
But the boss added that he was โencouraged by the achievements that have been within our controlโ including initiatives to make the business more efficient.
He said there was a โreasonable expectationโ of the group meeting its full-year financial outlook.
