News writer
As headlines swirl about tariffs and trade wars, many U.S. businesses are bracing for impact, and consumers are left wondering if they'll soon be paying more for everything from electronics to eggs and even lottery tickets. But while some companies scramble to assess the fallout, one Oregon-based manufacturer is calmly standing its ground. What's their secret to staying cool in a heated global economy?
Tariffs creating uncertainty
With President Donald Trump issuing tariffs on different countries, it has created uncertainty for U.S. businesses and families. What effect will these tariffs have on imported goods and the prices we pay for items at the grocery store or when buying online?
While most of that remains up in the air for the time being, one company is reassuring its customers that its operations will remain unaffected by these international trade measures.
Seth Tigner, President of Take-A-Ticket, announced:
Tariffs are essentially taxes imposed by governments on imported goods, not fees paid by foreign exporters. We've been asked whether these developments will impact the pricing of our products or services. The short answer is no.
Who is Take-A-Ticket?
For those unfamiliar with who Take-A-Ticket is, they were the original inventor of instant ticket dispensers. They were established in 1985 and provide a variety of ticket dispensers and merchandising displays for more than 25 state lotteries in the United States.
They provide custom fabrication and design services to meet lottery retailers' specific needs. So, those displays you see in your local convenience store holding all the scratch-off tickets — those are likely designed and manufactured by Take-A-Ticket.
The company's manufacturing facility is located in Albany, Oregon, and it employs 27 full-time employees.
Why aren't the tariffs affecting Take-A-Ticket?
Tariffs typically add a percentage to the value of an imported product. For example, if a company is importing a $100 item and a 25% tariff is imposed on the country from which the item was imported, then it would cost an additional $25.
This means that the cost is absorbed by the importing company, as they are paying $125 for the item now instead of $100 like before. However, the company often passes those additional charges along to consumers and businesses by raising the sales price.
With that in mind, why won't the tariffs affect Take-A-Ticket and their products? As Tigner emphasized, their company sources its materials domestically.
Tigner said:
Because we do not rely on foreign supply chains, the tariffs currently making headlines will not influence the cost of our products or services.
So, while tariffs may cause some companies to sweat and consumers to second-guess their next shopping trip, Take-A-Ticket is cruising along without a hiccup, thanks to their homegrown supply chain and made-in-the-USA mindset, the only thing they're dispensing is peace of mind — one scratch-off display at a time.
Enjoy playing the lottery, and please remember to play responsibly.
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