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Chris Mitchell, IPC Vice President for Global Government Relations, has released the following statement in line with the Office of the U.S. Trade Representative’s announcement that it will begin formal procedures to impose a fourth round of tariffs against China.
"In the last week, the U.S. and China have followed through on threats to raise tariffs on more imports from one another’s countries. These tariffs are affecting the global electronics supply chain, increasing costs and uncertainties for companies seeking to remain competitive in the global marketplace. New trade barriers will harm both countries. We urge U.S. and Chinese officials to accelerate negotiations and finalize an agreement that addresses long-standing disagreements, including intellectual property and market access."
IPC is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 5,000+ 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.
United States Increases Tariffs on More Chinese Products