Press release

Tariffs Are Taxes, Says CTA

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The follow is attributed to Gary Shapiro, president and CEO, Consumer
Technology Association (CTA), in response to President Trump’s decision
to increase tariffs on $200 billion worth of Chinese imports to 25
percent:

“The president is seeking a better trade deal with China. But he must
understand the Chinese don’t pay for these U.S. tariffs – American
families, workers and companies pay for tariffs.

“Tariffs are taxes. And implementing these 25% tariffs on just
five-days’ notice would roil our markets, damage U.S. businesses and do
serious harm to Americans’ retirement funds and pensions.”

About Consumer Technology Association:

Consumer Technology Association (CTA)TM is the trade
association representing the $398 billion U.S. consumer technology
industry, which supports more than 18 million U.S. jobs. More than 2,200
companies – 80 percent are small businesses and startups; others are
among the world’s best-known brands – enjoy the benefits of CTA
membership including policy advocacy, market research, technical
education, industry promotion, standards development and the fostering
of business and strategic relationships. CTA also owns and produces CES®
– the world’s gathering place for all who thrive on the business of
consumer technologies. Profits from CES are reinvested into CTA’s
industry services.

UPCOMING EVENTS

  • CES
    2020
    January 7-10, 2020 – Las Vegas, NV