IPC, Association Connecting Electronics Industries® recently expressed concern following President Trump’s announcement that he will impose significantly higher tariffs on electronics imported from China. Steep and broadly applied tariffs will reportedly increase the cost of technology products for U.S. consumers and businesses without an appreciable impact on the balance of trade between the two countries. IPC is reportedly concerned that the new tariffs are likely to lead to the imposition of retaliatory trade barriers by China and other nations and disrupt the established supply chains of U.S. companies, affecting their agility and competitiveness in the global marketplace.
“This action undermines the Trump administration’s meaningful efforts to boost the U.S. economy and undervalues the interconnected nature of the electronics supply chain,” said John Mitchell, IPC president and CEO. “IPC appreciates the Trump administration’s decision to solicit comments from the public, which we will provide on behalf of the electronics industry.
“IPC supports efforts to ensure open and fair trade through the negotiation, implementation, and enforcement of bilateral and multilateral trade agreements,” he said. “We encourage efforts by officials in the U.S. and China to resolve these differences swiftly, with as little economic disruption as possible.”
For more information, visit www.ipc.org.