ARLINGTON, VA - The Trump administration's consideration of tariffs on Chinese printed circuit assemblies and connected devices would cost the economy $520.8 million and $2.4 billion annually for the 10% and 25% tariffs, respectively, according to a new study commissioned by the Consumer Technology Association (CTA). "With the economy thriving under President Trump - we've seen remarkably low unemployment and a booming stock market-the administration shouldn't jeopardize America's global standing with tariffs," said Gary Shapiro, CEO and president, CTA. "Foreign governments don't pay the cost of tariffs, Americans do - and for that reason, U.S. trade policy needs to steer clear of tariffs that act like taxes on American manufacturers and consumers. The danger we face-the unintended consequence-is that tariffs mean Americans will pay more for all the devices they use every day to access the internet."
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