TMCnet News
CTA: New Round of Tariffs are Legally QuestionableThe following statement is attributed to Gary Shapiro (News - Alert), president and CEO, Consumer Technology Association (CTA), in response to the Trump Administration's newly released $200 billion list of products subject to a 10 percent tariff beginning September 24: "We appreciate the Trump Administration removing consumer connected devices, the largest tariff code CTA identified in our USTR comments. Retaliatory tariffs, whether 10 percent or 25 percent, are bad policy. We are especially concerned about retaliatory tariffs on printed circuit assemblies, routers and networking equipment. They will stifle our global leadership in 5G, create an internet tax on businesses and cause uncertainty for companies. "Today's retaliatory tariffs are not an effective trade policy and may violate U.S. law. Congress has not given the president or the United States Trade Representative (USTR) a blank check to pursue a trade war. These new retaliatory tariffs run afoul of the carefully tailored provisions of the Trade Act of 1974, which require any action to be within the scope of the Section 301 investigation. "We urge the administration to reconsider its misguided approach of increasing tariffs, as they are directly paid for by American companies and consumers. "We will review the administration's final list and may issue further comments." About Consumer Technology Association: Consumer Technology Association (CTA)TM is the trade association representing the $377 billion U.S. consumer technology industry, which supports more than 15 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 develoment and the fostering of business and strategic relationships. CTA also owns and produces CES (News - Alert)® - the world's gathering place for all who thrive on the business of consumer technologies. Profits from CES are reinvested into CTA's industry services. UPCOMING EVENTS
View source version on businesswire.com: https://www.businesswire.com/news/home/20180917005834/en/ |
