In an article a few weeks back, titled “U.S. Electronics Manufacturers Grappling With Higher Costs from U.S. and Chinese Tariffs” the IPC provided some horrifying statistics. After surveying IPC members between September and October of this year,

The average survey respondent had tariffs on at least 31% of the total dollar value of goods they import. 69 percent of the companies surveyed by the IPC had taken a profit hit because of the increased tariffs, with a substantial amount dropping their US based investment including new hires and employee retention. Over 33% of the companies feel they can’t pass the increased cost imposed by the tariffs on to their [...]