The good news on the tariff front is that a U.S.-proposed 5-percent tariff – that could have gone up to 25 percent – on goods imported from Mexico (and which would have affected companies such as HP Inc. and Lexmark International) has been shelved for now.
The bad news: this week, U.S. President Donald Trump refused to set a deadline for threatened 25-percent tariffs on $325 billion of Chinese goods that include printers, copiers, and PCs.
In a televised press conference, the president said he still plans to meet with Chinese President Xi Jinping later this month, but asked if he had a deadline for China to make progress towards a deal before facing the further penalty, Trump said: “I have no deadline.” Gesturing to his head, he said: “My deadline is what’s up here. We’ll figure out the deadline. Nobody can quite figure it out.” That’s not a lot of guidance for any company to go by, but at least those in the office-imaging industry appear to taking the trade war in stride, with many shifting production in case the further tariffs are enacted. Stay tuned.