IPC Renews Concern Over Third Round of U.S. Tariffs on Chinese Imports
John Mitchell, IPC president and CEO, issued the following statement on the decision of the U.S. government to impose additional tariffs on about $200 billion worth of Chinese imports, the third such list announced this year.
“IPC backs robust efforts by the United States to address discriminatory treatment of U.S. companies by its trading partners. We hold this same position in each of the countries where we have member companies. Trade agreements are meaningful only so long as countries that voluntarily enter into them live up to the obligations they have made.
The United States has longstanding concerns about China’s technology transfer policies. The decision yesterday by President Trump to impose the most far-reaching tariffs yet on Chinese imports will further disrupt the international supply chains of many U.S. electronics companies. These disruptions will increase lead times, raise the cost of production and, in some cases, undermine the global competitiveness of U.S. manufacturing.
IPC urges the U.S. Trade Representative to intensify efforts to resolve the trade dispute with China through bilateral negotiations and multilateral remedies. We also encourage the U.S. Government to continue its efforts to strengthen the electronics industrial base through a combination of tax, workforce, defense, and R&D policies. Such initiatives are the best way to revitalize the U.S. Electronics supply chain for the long-term.”