Printer OEMs React to China-U.S. Tariffs

As the tit for tat trade battle wages on in Washington and Beijing, Darius Adamczyk, CEO of Honeywell said he’s prepared for the China tariffs, According to Fortune.

Honeywell is an American multinational conglomerate company that makes a variety of commercial and consumer products, which is a famous industrial label printer manufacturer.

Darius Adamczyk said the company has already been moving critical supplies from North America to China and he has also been analyzing pricing options to “moderate the impact of the tariffs.”

And what if things escalate into a prolonged trade war? “We’re thinking through it. We actually have a plan for list four. It’s just about ready,” he explained. “It would take about sixty days plus to enact that.”

Honeywell has a lot at stake in China. The Asian nation is its largest market outside of the United States. The Morris Plains, New Jersey conglomerate has been doing business in China since the 1930s. Today it has more than 13,000 employees working in 30 cities across the country. Honeywell is ranked in the top tier of the Fortune 500 list of America’s largest companies and those China operations account for a significant portion of its $40 billion in annual revenues.

“I would love to see this thing resolved,” said Adamczyk of the US-China trade dispute. “It’s in the interests of the entire global economy for these two critically important economies to resolve their differences. It’s not going to be healthy long term for either economy or the global economy.”

But Adamczyk is still hopeful for an agreement. “I’m confident it’s going to happen,” he says. “I’m not sure when, but it will.”

RT Media noted that, Companies such as Epson America Inc., Sony Interactive Entertainment LLC and Mitsubishi Chemical Corp., as well as U.S. industry groups expressed their stances before the Office of the U.S. Trade Representative holds a hearing starting next week on the proposed tariffs.

Epson said it will request the Office of the USTR to remove from the potential list of products subject to additional duties projectors, large format printers, receipt printers and scanners, citing “a detrimental impact on U.S. consumers and businesses.”