America’s trade war with China is hurting businesses and consumers across the country. While the president is right to address China’s forced technology transfer and intellectual property theft, retaliatory tariffs are the wrong approach.
Tariffs are taxes. The Chinese government doesn’t pay for them — Americans bear the burden.
The uncertainty and volatility of this tariff policy impacts U.S. businesses, workers, families, the economy and our global competitiveness.
The costs of tariffs will mean higher-priced products, layoffs and possible bankruptcy. A recent CTA study looked at the cost of tariffs on some of consumer’s favorite tech products.