IPC Expresses Concern over Higher Tariffs
Press Release Summary:
IPC – Association Connecting Electronics Industries® has expressed concern in levying higher tariffs on Electronics from China. According to IPC higher tariffs increase the cost of technology products for U.S. consumers and businesses between two countries. The association tries to ensure open and fair trade through the negotiation, implementation, and enforcement of bilateral and multilateral trade agreements between the countries.
Original Press Release:
IPC Urges Trump Administration to Take Measured Approach in Levying Higher Tariffs on Electronics from China
BANNOCKBURN, Ill., USA, MARCH 22, 2018 -- IPC – Association Connecting Electronics Industries®, the global industry association representing the $2 trillion global electronics industry, expressed concern today following President Trump’s announcement that he will impose significantly higher tariffs on electronics imported from China.
Steep and broadly applied tariffs will 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. The new tariffs, moreover, 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’s administration’s meaningful efforts to boost the U.S. economy and undervalues the interconnected nature of the electronics supply chain,” said IPC President and CEO John Mitchell. “IPC appreciates the Trump administration’s decision to solicit comments from the public, which we will provide on behalf of the electronics industry.”
Mitchell added, “IPC supports efforts to ensure open and fair trade through the negotiation, implementation, and enforcement of bilateral and multilateral trade agreements. We encourage efforts by officials in the U.S. and China to resolve these differences swiftly, with as little economic disruption as possible.”
Protection of intellectual property consistently ranks as a top priority for the electronics industry. To this end, IPC maintains a set of industry standards and a certification program that enable electronics manufacturers to demonstrate how they are protecting their customers’ intellectual property. IPC also is working with the U.S. Department of Defense to develop a new standard on this issue.
About IPC
IPC (www.IPC.org) is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 4,300-member company sites which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $2 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Washington, D.C.; Atlanta, Ga.; Brussels, Belgium; Stockholm, Sweden; Moscow, Russia; Bangalore and New Delhi, India; Bangkok, Thailand; and Qingdao, Shanghai, Shenzhen, Chengdu, Suzhou and Beijing, China.
