This Week in Imaging: Wait-and-See Time for Tariffs
The big news this week was the looming deadline that would see the United States impose 25-percent on some $300 billion of Chinese imports that would include printers, copiers, laptops, and PCs made in China and imported into the United States by companies such as Dell and HP Inc. Representatives from Epson and HP Inc. are joining about 320 other companies in Washington, D.C., to testify before the U.S. Trade Representative (USTR) to stop those tariffs or receive exemptions.
The USTR hearings will end on June 25th, and the tariffs will not come into effect until after July 2nd, when a seven-day final rebuttal comment period ends.
According to study by the Consumer Technology Association (CTA), imposing the tariff would result in a 21-percent increase on the price of laptops in the United States – and just in time for the back-to-school buying season. These increases would also affect businesses purchasing laptops, as well as printers and copiers made in China. The CTA also stressed that U.S. consumers and businesses would be paying the tariffs: “U.S. consumers, not China, pay the price for tariffs – what more proof does the White House need?”
Of course, not just laptops and printer/copiers would be affected – the United States’ apparel industry would be slammed, as would the cell-phone and agricultural industries, and – just in time for the United States’ Fourth of July holiday – fireworks.
This Week in Imaging