More Tariffs Mean More Pain for Small Businesses and Consumers, Says CTA
July 11, 2018
“A trade negotiating plan based on mutually-assured destruction with American businesses and jobs in the crosshairs isn’t a winning strategy," said Gary Shapiro, president and CEO, CTA.
The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA), in response to the Trump administration's proposed ten percent tariffs on an additional $200 billion of Chinese imports:
“A trade negotiating plan based on mutually-assured destruction with American businesses and jobs in the crosshairs isn’t a winning strategy. Escalation of tariffs and counter-tariffs on parts imported from China will hurt small businesses that assemble and manufacture in the U.S. and also raise prices for American consumers.”
CTA’s vice president of international trade Sage Chandler is scheduled to testify to the Section 301 Committee on July 24-25.