U.S. - China Trade War Truce Increases Uncertainty in the LED Industry - Energy Watch News


U.S. – China Trade War Truce Increases Uncertainty in the LED Industry

The LED industry has been involved in the trade war between the United States and China as LED components and related lighting products were included in the list of extra tariffs. The two countries have recently reached a trade truce by suspending the new tariffs for 90 days. However, LEDinside believes that the delay would bring increased uncertainty into the LED industry. Figo Wang, senior analyst of LEDinside, pointed out that LED producers will take different measures depending on the percentage of the tariffs. The original 25 percent tariffs are likely to have forced LED manufacturers to relocate their production lines. However, now that Trump has agreed to postpone the tariffs, major players in the LED industry will have to hold their decision making and see how the situation plays out after three months. The pending circumstance will slow down demands, leading to market uncertainty. https://www.ledinside.com/

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