CTA’s Shapiro Finds Tariffs to be Taxing

WASHINGTON, Jan. 7, 2025 – The Consumer Technology Association is not a fan of President-elect Donald Trump’s proposed tariffs, the trade group’s CEO said Tuesday.

“Tariffs are taxes paid for by American businesses, the American people, and the world,” CTA CEO Gary Shapiro said at the group’s CES show in Las Vegas.

Shapiro pointed to research the group produced that predicted tariffs on tech products could reduce U.S. consumer buying power by as much as $143 billion over the next year, as well as bring down purchases of consumer electronics like smartphones and laptops.