International trade is vital to the consumer technology sector. Global supply chains are intricate and often take decades to develop. Unfair trade practices should be addressed at the World Trade Organization and with our global allies. Opening global markets, not closing them, spurs economic competitiveness.
Tariffs are taxes paid by American consumers. Tariffs upend supply chains and put unnecessary costs on American businesses and innovation. The Trump tariffs will raise inflation and prices on consumer goods, lead to job losses and unemployment, shrink the economy, and create market volatility. Additionally, countries will retaliate with their own trade restrictions against U.S. exports.
Congress and the White House must consider the impact of tariffs and trade barriers to American jobs and companies. We stand ready to work with Congress and the Administration towards fair and sustainable trade policies.
American trade policies should:
Tariffs harm American businesses and consumers from higher prices to unemployment.
President Trump’s tariffs will significantly raise prices for products that consumers love and rely on, including on laptops, tablets, video game consoles, and smartphones.
It is not feasible to reshore or move manufacturing back to the United States for most or all the consumer technology supply chains.
If you are interested in learning more about CTA membership or trade working groups, would like to share your tariff impact story or have a media request, please contact us below.