IPC Urges Measured Approach in Levying Tariffs on China's Electronics


Reading time ( words)

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 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. For more information, click here.

Share

Print


Suggested Items

Emma Hudson: From Tomboy to Tech Lead

06/21/2019 | Gen3
Interview between Emma Hudson and Gayle Paterson, founder of FLITE (Female Leaders in Tech, Everywhere).

ICT 45th Annual Symposium Review

06/12/2019 | Pete Starkey, I-Connect007
The Institute of Circuit Technology (ICT) held its 45th annual symposium on June 4, 2019 in Dudley at the Black Country Museum—a symbol of the spirit of innovation in engineering technology and the entrepreneurial and manufacturing skills that had established that region’s supremacy in leading the original Industrial Revolution. Here's a recap of the events and presentations at the symposium.

IMPACT Washington, D.C. 2019 Recap: Leaders Call for Action on USMCA Trade Deal

05/30/2019 | Chris Mitchell, IPC VP, Global Government Relations
Top executives from electronics companies across the United States were in Washington, D.C., last week to call on the Trump administration and Congress to support policies that will drive the electronics industry’s future growth in North America and worldwide.



Copyright © 2019 I-Connect007. All rights reserved.