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Chris Mitchell, IPC's VP of global government affairs, released this statement regarding today’s trade deal:
"The electronics manufacturing industry welcomes the U.S.-China 'phase one' trade deal being signed today in Washington, and the pathway it offers to the resolution of broader issues. The deal leaves many issues unaddressed, including cyber and structural economic reforms, and a broad range of increased tariffs that are still in place. As documented in a recent IPC study [1], many IPC members are feeling the pain of higher costs, supply chain disruptions, administrative hassles, and reduced access to the Chinese market as a result of the U.S.-China trade conflict."
Reference
- IPC, “Tariff War Fallout: U.S. Electronics Manufacturers Worried About Higher Tariffs and Laboring to Mitigate Impacts,” October 2019.
