CTA Says Tariffs Are Hurting Americans, Legally Questionable
September 7, 2018
Article Summary
The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA), regarding President Trump’s comments on potentially enacting tariffs on an additional $267 billion worth of Chinese products:
The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA), regarding President Trump’s comments on potentially enacting tariffs on an additional $267 billion worth of Chinese products:
“Free trade is a critical building block for American prosperity. President Trump calling for even more tariffs is irresponsible, not to mention legally questionable. By slapping more punitive taxes on goods that Americans depend on, he is hurting our businesses, workers, innovation and the global standing of our nation. A 25 percent tariff on a total of $517 billion worth in goods would be, by far, the biggest tax increase U.S. consumers have faced during his presidency.”
“Free trade is a critical building block for American prosperity. President Trump calling for even more tariffs is irresponsible, not to mention legally questionable. By slapping more punitive taxes on goods that Americans depend on, he is hurting our businesses, workers, innovation and the global standing of our nation. A 25 percent tariff on a total of $517 billion worth in goods would be, by far, the biggest tax increase U.S. consumers have faced during his presidency.”