Supply Chain Research

HP Inc. CEO Dion Weisler has stated that the impact of a border-adjustable tax would include “increased prices industrywide” and a “significant impact on demand” according to Bloomberg (paywall). Moving production back to the U.S. would take a “significant” amount of time. So far much of the commentary on the price impact of a BAT has been made by the automotive and apparel industries, as outlined in previous Panjiva research.
Panjiva data shows that imports by HP Inc. fell 30.6% in the first quarter of 2017 on a year earlier. That was the result of a 46.7% drop in imports of printer equipment not being offset by a 103% rise in shipments of computer systems.

Chart segments U.S. imports associated with Hewlett Packard or HP Inc. by product type of computers or printers Source: Panjiva

Panjiva analysis of over 400 country-product pairs in HP’s supply chain shows that China is the most important supplier with 37.9% of shipments by volume, followed by Singapore and Norway. The most important supply-lines are monitor systems from China, (8.9% of all imports), printing machine parts from Singapore (7.8%) and Japan (6.6%).

Chart segments U.S. imports associated with Hewlett Packard or HP Inc. by HS category and country of origin. Note list is not exhaustive Source: Panjiva