Home

 
 
 
 
 
 
 
 
 
CNN

WOLF BLITZER

Travel
CHINA
Cambodia
Thailand
Phnom Penh
Angkor Wat
Consumer Reports
Thai Police Harass
Benjamin Netanyahu

Sheldon Adelson

SPORTS
JUNIOR SEAU

 

 

 

 

 

 

 

 

 

CNN'S FAKE NEWS

 

BUSINESS - Retaliatory Tariffs Are Taxes And Bad Policy

 

 

The U.S. Technology industry paid $1.3 billion in Section 301 tariffs imported on Chinese products in May, according to the latest available data, an amount that will likely rise in the coming months as a result of the last tariff hike to 25% on List 3 products

 

ARLINGTON, Va. -- (BUSINESS WIRE)

Thursday, August 01, 2019

The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA), regarding President Trump’s announcement that the U.S. will impose 10% tariffs on another $300 billion of Chinese products:

“Retaliatory tariffs, whether 10% or 25%, are bad policy. The Trump administration is again taxing the American people in the form of new tariffs on their favorite technology products. Tariffs are taxes paid for by U.S. consumers, not China’s government. These retaliatory tariffs are not an effective trade policy and may violate U.S. law.

“Over 300 companies and business associations came to Washington this summer to plead with the administration to stop tariffs. And over 600 businesses of all sizes across the country sent a letter to President Trump opposing tariffs. President Trump should stop ignoring America’s job creators and workers and remove tariffs to prevent higher costs to American families and businesses.”

The U.S. Technology industry paid $1.3 billion in Section 301 tariffs imported on Chinese products in May, according to the latest available data, an amount that will likely rise in the coming months as a result of the last tariff hike to 25% on List 3 products.

Consumer Technology Association (CTA) is the trade association representing the $401 billion U.S. consumer technology industry, which supports more than 18 million U.S. jobs. More than 2,200 companies – 80 percent are small businesses and startups; others are among the world’s best-known brands – enjoy the benefits of CTA membership including policy advocacy, market research, technical education, industry promotion, standards development and the fostering of business and strategic relationships. CTA also owns and produces CES – the world’s gathering place for all who thrive on the business of consumer technologies.

© Copyright: National Radio. Any use of these materials, whole or in part, is prohibited unless authorized in writing by National Radio. Contact: nationalradio@yahoo.com All rights reserved.

Los Angeles Lakers
NBA MAX French language
LAKERS BUSTED
Kobe Bryant
Omri Casspi

SPORTS

THE NHL's HULLS
Colin Kaepernick

Super Bowl Pioneers

Shoehei Ohtani

Mike Piazza

FIFA Top 10

LUIS SUAREZ
FIFA News
Sepp BLATTER MATTER?

TENNIS

Williams Family

Joe Frazier

RONDA ROUSEY

TIGER WOODS