Intel, HP, Dell and Microsoft Unite Against Trump’s Proposed Tariff on $300 Billion Worth Chinese Goods

- Advertisement -

Some of the biggest players in the computer business are uniting against US President Donald Trump’s proposed tariffs on $300 billion Chinese goods. The news, as reported by Bloomberg, is that Intel, HP, Microsoft, and Dell are collectively opposing the new proposed tariff.

The companies submitted joint comments against Trump’s plan to increase the tariffs on Chinese imports. According to them, these tariffs will negatively affect the industry and the customers looking to buy computers during the holiday periods as tariff increase will lead to increased prices and will decrease customer demand.

The companies listed multiple ways in which this new tariff will cause harm to the consumers, and businesses. The statement read, “In sum, while the proposed tariffs will harm all of our customers, our most price-sensitive customers will be among the most significantly impacted.”

- Advertisement -

Talking about the harm to small and medium-sized businesses, the statement said, “There are approximately 30 million small businesses in the United States, employing nearly half of the U.S. workforce. These businesses depend on access to laptops and other computing devices to operate efficiently and remain competitive. If laptops become substantially more expensive through the imposition of Section 301 tariffs, small business owners may delay purchasing additional laptops or upgrading older devices.”

These comments were made during the Public Hearings on proposed section 301 Tariff List. These hearings will run from June 17 to June 21 and June 24 to June 25. The hearings are being held at US International Trade Commission in Washington DC.

According to Consumer Technology Association, a study suggests that these increased tariffs could lead to an increase of as much as 19 percent in the prices of laptops and tablets.

Intel Powered HP Spectre
- Advertisement -

The statement is concluded by saying that the imposition of tariffs on laptops will lead to US technology companies spending less on R&D and innovation. The statement read, “In the longer term, tariffs would hinder our companies’ ability to innovate and maintain U.S. high technology leadership. Together our firms devote substantial resources to R&D, spending a collective $35 billion on R&D in 2018 alone. Much of this R&D occurs at U.S. facilities with contributions from American workers.”

It’ll be interesting to see if this joint statement from Intel, HP, Dell, and Microsoft, some of the biggest names in the business, is able to make any difference and if other companies join them in this opposition as well.

- Advertisement -

You can read the full document from here.


Further Reading:

AMD Ryzen 5 3600 ($199) Beats Intel Core i7-9700K ($374) in Cinebench

NVIDIA GeForce RTX 2080 Super to Cost $799, RTX 2070 Super $599 and 2060 Super $429

AMD EPYC “Rome” Server Processors to Feature 8 to 64 Cores


Source : 1 via 2

Show us some support by following our Instagram handle.

- Advertisement -
Harshit Sharma
An avid football lover. A die-hard Barca fan. Love to read about all the tech and gadgets I can't afford (yet). A music enthusiast, with Coldplay being my favorite. A calm and peaceful person. I believe in taking everything as it comes and being happy with the simple things in life.

Leave a Reply

Related posts

Advertisment

Latest posts

Sno Babies Review: A Gut-Wrenching Story Around Teen Substance Abuse and Molestation

Sno Babies is a gut-wrenching story that'll make you ponder over the harms of substance abuse and how it ruins lives in a way you can't help but feel pained.

Google launches the Pixel 5 at $699; Pixel 4a upgraded to 5G, Priced at $499

Google's newly announced Pixel 5 starts at an attractive price of $699. Is it really worth checking out?

HyperX Cloud Alpha S Gaming Headset Review

Having just recently reviewed the HyperX Cloud Stinger Core Wireless 7.1 Gaming headset and being thoroughly impressed, I was really excited to...

Next Article Loading