How Tariffs are Impacting Fluid Power, Electronics and Other Manufacturing Sectors

President Donald Trump announced on February 1 goods imported into the U.S. from Canada, Mexico and China would be subject to tariffs. All three countries announced retaliatory tariffs on U.S. goods.

However, before the tariffs were set to go into effect on February 4, the governments of Canada, Mexico and the U.S. agreed to a 1-month pause on their respective tariffs. Chinese goods, though, are currently still subject to tariffs, as are U.S. goods imported into China.

The tariff situation has caused a lot of uncertainty for companies of all types, including those in the fluid power industry, and is making business planning difficult. As one hydraulics company executive told Power & Motion, the speed at which the tariffs were put into place – and then just as quickly paused – has left the company uncertain about how it should proceed.

Read “Trump Tariffs Causing Uncertainty for Fluid Power Industry” for more on the current tariff situation and how members of the hydraulics and pneumatics sector are reacting to it.

Canada, Mexico and China are among the U.S.’s largest trading partners and thus sources of many materials and components utilized by fluid power and other manufacturers. As tariffs are a tax on goods, they typically lead to price increases for the company importing the product, leaving many wondering how to proceed.

In this panel discussion, editors from multiple Endeavor Business Media brands have come together to weigh in on how the current tariff situation is impacting their respective industries, as well as the implications tariffs could have on supply chains and business operations.

Panelists include:

• Sara Jensen, executive editor, Power & Motion
• James Morra, senior editor, Electronic Design
• Robert Schoenberger, editor-in-chief, IndustryWeek
• Bill Wong, senior content director, Electronic Design.