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CTA warns that tariffs could lower U.S. consumer purchasing power by $90B to $143B


Consumer Technology Association warned today tariffs Canada, Mexico and China, beside inflation and $ 93 billion to $ 93 billion to the US consumer purchase.

Gary Shapiro, CEO of the Consumer Technology Association (CTA), “Tariffs, not foreign governments, not foreign governments or American work, inflation and affordance will increase the prices of Americans. Tariffs, when we need low inflation to throw interest rates They will drive inflation higher. “

Tariffs are expected to take effect this evening for Canada and Mexico, and Chinese tariffs are already in force. Trump management believes that tariffs will help the United States help the United States

Shapiro, if we did not leave interest rates two points, we can reduce the annual interest payments on the national debt more than $ 700 billion. According to him, the tariffs will not only be flooded not only groceries. This Entertainment Program Union He said the tariffs were worried about the impact of the game.

CTA study joyous Tariffs make technological products that Americans are very expensive and trusted. CTA studies show that if the President is offered by Trump as proposed on the campaign trail, the tariffs may arise as a result of a decrease of $ 90 billion in the US consumer purchase and $ 90 billion for technological products.

“More, tariffs, our closest neighbors and our main trade partners will strain our relations with Canada and Mexico,” Shapiro said. “These countries have already taken revenge on the US economy and create a harmful period of revenge tariffs. Tariffs are not political transaction plugs for issues such as immigration or drug control, but to resolve trade disputes.”

“We Shapiro,” said: “We” Shapiro, “We will allow President Trump to step back from the fuel of our trade partners and the fuel of the American economy and protect inflation to the fuel and protect millions of Americans. “



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