This Week in Imaging: U.S. Delays Higher China Tariffs; HP Financials; Fujifilm Lawsuit; More
We’re sure many in the industry breathed a sigh of relief this week when President Trump announced that the United States would delay its threatened tariff increase on some $200 billion worth of Chinese goods, including printers, copiers, and their parts and consumables, imported into the United States.
The postponement came just before tomorrow’s March 1st deadline, which would have seen the United States increasing its tariffs on China goods from the current 10 percent to 25 percent if a trade deal wasn’t reached.
The United States’ current 10-percent tariff on select Chinese goods – tariffs that many U.S. tech firms, including HP, vigorously oppose – are said to be in response to China’s alleged unfair trade practices. These unfair trade practices – in the words of U.S. Trade Representative Robert Lighthizer – are said to include China’s “failure to protect intellectual property, large subsidies, cyber theft of commercial secrets and other problems” that are said to be major threats to the U.S. economy.
As noted, the delay is just that, a delay, and U.S. and Chinese officials are said to be meeting shortly for further discussions, so stay tuned.
This Week in Imaging