FOS Capital (ASX:FOS) said it expects to benefit from the tariff, as competitors from the European Union, UK, and India face equal or higher duties and there are no substantial US-based manufacturers of similar products, according to a Friday Australian bourse filing.
The company exported AU$2 million worth of products to the US in 2024, making 6% of its total sales, the filing said.
The company added that its products are generally not price-sensitive.
The lighting manufacturer said a proposed AU$1 billion export loan facility from the Australian government to assist export-focused companies may help expand its footprint to "nascent" export markets, like Italy, the UK, and the UAE.
The proposed AU$50 million support for peak bodies is unlikely to benefit the company directly and it calls for more "practical support" like reduced payroll tax, the filing added.
The company's shares were down 15% in recent Friday trade.
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