Caselabs, one of the most popular PC case makers out there, especially in the gaming area, just announced that it’s shutting down. The reason for the abrupt announcement is the tariffs war between president Trump’s administration and the Chinese government.
On Wednesday, the Chinese government announced that it will impose a 25% tax, starting on 23 August, on US products worth $16 billion, after the US imposed a similar tax back in July. Then, the US government replied with the same tariffs increase, raising taxes on 279 products, from motorcycles to antennas, an economic war which is already claiming a few casualties.
Because of the US raising taxes on Chinese imports, CaseLabs found itself forced into bankruptcy and liquidation.
“The tariffs have played a major role raising prices by almost 80 percent (partly due to associated shortages), which cut deeply into our margins. The default of a large account added greatly to the problem. It hit us at the worst possible time” explained the PC case maker.
If you were looking for a new gaming PC and eyeing CaseLabs’ offerings, perhaps it’s time to consider alternatives for your build. Sadly enough, the company also said that the backlog of case orders won’t be able to be fulfilled but that the company will still continue to ship some other parts to customers.
We have some very sad news everyone 😔 pic.twitter.com/S4TkeTrUTs
— CaseLabs (@CaseLabsUSA) August 10, 2018