New U.S. Tariffs on Chinese Imports on Hold – for Now
The United States and China have agreed to restart trade talks, and the Trump administration will hold off for now on adding new tariffs on some $300 billion of Chinese imports that would include printers and copier/MFPs.
U.S. President Donald Trump announced on June 28th: “Basically we agreed today that we’re going to continue the negotiation. We’re going to work with China on where we left off to see if we can make a deal.”
In exchange, Trump said China had agreed to increase its purchases of U.S. agricultural products.
“We’re holding on tariffs, and they’re going to buy farm product,” Trump said.
However, the United States is still imposing 25-percent tariffs on some $250 billion worth of goods imported from China, which include printer and copier parts and accessories. China is also imposing tariffs on some U.S. imports.
During the past week, hundreds of U.S. companies testified at hearings held by the U.S. Trade Representative’s office. Representing HP Inc., Andy Binder commented:
“Frankly speaking, for the printing supplies industry, these tariffs do more damage to the consumers and intellectual property holders like HP than it will do to the IP infringing products. Such a result would conflict with the administration’s goal of minimizing economic harm to consumers and would not be effective in advancing the goals of the Section 301 investigation.”