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Trade Tensions and Tariffs: Who Bears the Cost in These Shifting Trade Patterns?
January 21, 2025 | Shawn DuBravac, IPCEstimated reading time: 1 minute

During his 2024 presidential campaign, President Donald Trump suggested imposing a universal tariff of at least 10% on all imports, as well as a 60% tariff on goods originating from China. More recently, he proposed implementing blanket tariffs of 25% on all products imported from Canada and Mexico and adding a further 10% tariff to all existing duties on Chinese imports.
These potential measures emerge against a backdrop of shifting trade patterns. In 2023, Mexico surpassed China as the United States’ top source of imported goods for the first time since the early 1990s, helping make Mexico the leading U.S. trading partner, followed by Canada and then China.
These key U.S. trading partnershave signaled the possibility of retaliatory measures in response to higher U.S. tariffs. Such signals underscore escalating trade tensions and reflect how economic tools are being used to address broader issues, including geopolitical rivalry, supply chain disruptions, and market competitiveness.
The specifics of any additional tariffs—when they would be implemented and which goods they would cover—remain uncertain. Their potential impact is also unclear. However, research on previous tariff increases suggests negative consequences not only for trade volumes but also for businesses.
Read the rest of this article in the Winter 2025 issue of IPC Community.
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Scanfil Is Preparing for a Changing Trading Environment
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I-Connect007 Editor’s Choice: Five Must-Reads for the Week
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Statement from IPC, the Global Electronics Association, on Recent U.S. Tariffs and Global Trade
03/07/2025 | IPCIPC shared the following statement today on U.S. tariffs and their implications on the global electronics industry. This statement can be attributed to Dr. John W. Mitchell, IPC president and CEO:
Emerald Technologies Addresses New Tariff Imposed on Goods Originating from China
02/18/2025 | Emerald TechnologiesEmerald Technologies is closely monitoring the recent announcement of an additional 10% tariff on all goods originating from China. This tariff, effective February 4, 2025, will be applied in addition to existing tariffs on Chinese goods, such as those imposed under Section 301.
Statement from John W. Mitchell, IPC President and CEO, on U.S. Tariffs and Global Trade
02/13/2025 | IPCIPC, an electronics industry association dedicated to furthering the competitive excellence and financial success of more than 3,000 members worldwide, shared the following statement today on U.S. tariffs and their implications on the global electronics industry.