CTA CEO: Tariffs Will Hurt All Americans & Isolate U.S. From the World
April 2, 2025
The following statement is attributed to Gary Shapiro, CEO and Vice Chair of the Consumer Technology Association (CTA)®:
“President Trump’s sweeping global and reciprocal tariffs are massive tax hikes on Americans that will drive inflation, kill jobs on Main Street, and may cause a recession for the U.S. economy. These tariffs will raise consumer prices and will force our trade partners to retaliate. Americans will become poorer because of these tariffs. This will not be a golden age – but a return to the global economic catastrophe of the Smoot-Hawley tariffs of the 1930s that will disproportionately hurt low income and hardworking Americans.
“Make no mistake: American consumers, families, and workers will feel real pain, and elected policymakers in Washington will be held accountable by voters.”
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.