CTA Study: China Tariffs Will Cost the U.S. Economy up to $2.4 Billion Annually

The Trump administration's consideration of tariffs on Chinese printed circuit assemblies and connected devices would cost the economy $520.8 million and $2.4 billion annually for the 10 percent and 25 percent tariffs, respectively, according to a new study commissioned by the Consumer Technology Association (CTA). "The danger we face – the unintended consequence – is that tariffs mean Americans will pay more for all the devices they use every day to access the internet,” said Gary Shapiro, CEO and president, CTA. The economic impact study shows American shoppers will have to pay between $1.6 billion and $3.2 billion more for connected devices such as gateways, modems, routers, smart speakers, smartwatches and other Bluetooth enabled products. The price of connected devices from China will increase by between 8.5 and 22 percent. And prices for these products from all sources will rise between 3.2 and 6.2 percent.