Tariffs Are Taxes, Says CTA
May 5, 2019
- Bronwyn Flores, CTA
“The president is seeking a better trade deal with China. But he must understand the Chinese don’t pay for these U.S. tariffs – American families, workers and companies pay for tariffs," said Gary Shapiro, president and CEO, CTA, in response to President Trump’s plan to increase tariffs on $200 billion worth of Chinese imports to 25%."
The follow is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA), in response to President Trump’s plan to increase tariffs on $200 billion worth of Chinese imports to 25%:
“The president is seeking a better trade deal with China. But he must understand the Chinese don’t pay for these U.S. tariffs – American families, workers and companies pay for tariffs.
“Tariffs are taxes. And implementing these 25% tariffs on just five-days’ notice would roil our markets, damage U.S. businesses and do serious harm to Americans' retirement funds and pensions."