CTA Makes Rare Forecast For Overall CE Revenue To Decline In 2022
The Consumer Technology Association’s newly revised U.S. CE industry forecasts for 2022 show the combined impact of multiple disruptive events around the world – from COVID-19 to a possible recession — resulting in an 11% decline in U.S. video hardware unit shipments overall this year….
Trump’s Tariffs To Tax TVs
U.S. President Donald Trump stepped up his pressure on Chinese trade negotiators Monday by announcing a proposed escalation of tariffs on an additional $300 billion worth of Chinese imports, which this time encompasses a greater list of consumer electronics products including China-made televisions sets. The…
Trump Tariff Exemptions Save Jobs Of Element TV Workers
The Trump administration this week gave a reprieve to the jobs of some 126 South Carolina TV factory workers by making an exemption for certain LCD TV component parts from a list of tariffs issued last July. According to a report Tuesday by The Greenville News,…
Element Plans To Halt U.S. TV Production As Tariffs On Parts Hit Home
Element, which has the distinction as one of the last remaining U.S. television manufacturers, is planning to end production at its factory in Winnsboro, South Carolina in October, due to tariffs on component TV parts sent from China. Element issued a statement on its Facebook…
CTA, NRF Urge Trump Administration To Back Off China Tariff Proposals
Anyone in the market for a new television this year might want to take seriously a study released Tuesday by the Consumer Technology Association (CTA) and the National Retail Federation, warning that if the Trump Administration’s 25% tariffs go through as proposed on China-made TVs…
Stay connected