Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 30

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1
Chunk 30
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 changing U.S. and geopolitical environments or otherwise, such as those with respect to China,
may materially harm our revenue and results of operations, such as by increasing our costs and/or limiting the amount of products that
we can import. 

Our operations are subject to various international
trade agreements and regulations. Generally, these trade agreements and regulations benefit our business by reducing or eliminating the
quotas, duties and/or tariffs assessed on products manufactured in a particular country. However, trade agreements and regulations can
also impose requirements that have a material adverse effect on our business, revenue and results of operations, such as limiting the
countries from which we can purchase raw materials, limiting the products that qualify as duty free, and setting quotas, duties and/or
tariffs on products that may be imported into the United States from a particular country. Certain inbound products to the United States
are subject to tariffs assessed on the manufactured cost of goods at the time of import. For example, during the prior Trump administration,
increased tariffs were implemented on goods imported into the U.S., particularly from China, Canada, and Mexico. The current Trump administration
has implemented additional tariffs, some of which apply to goods imported from China and other countries from which we import goods. As
a result, we have had to increase prices for certain products and may be required to raise those prices further, or raise our prices on
other products, which may result in the loss of customers and harm our operating performance. In response, in part, to tariffs levied
on products imported from China we have shifted away from Chinese or other foreign manufacturers of some of our products and may seek
to increase this shift due to U.S. tariffs or other aspects of U.S. trade policy, which may result in additional costs and disruption
to our operations.

The countries in which our products are manufactured
or into which they are imported may from time-to-time impose new quotas, duties, tariffs and requirements as to where raw materials must
be purchased to qualify for free or reduced duty. These countries also may create additional workplace regulations or other restrictions
on our imports or adversely modify existing restrictions. Adverse changes in these costs and restrictions could harm our business. We
cannot assure that future trade agreements or regulations will not provide our competitors an advantage over us or increase our costs,
either of which could have a material adverse effect on our business, results of operations or financial condition. Nor can we assure
that the changing geopolitical and U.S. political environments will not result in a trade