Trump's tariffs and policies are putting America's economy at risk: Consumer Technology Association CEO

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Trump's tariffs and policies are putting America's economy at risk: Consumer Technology Association CEO

//business-finance.news-articles.net/content/202 .. at-risk-consumer-technology-association-ceo.html

Published in Business and Finance on Wednesday, March 19th 2025 at 16:01 GMT by Fortune
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Higher tariffs are already creating "cost shocks" for businesses, which for many will be passed on to consumers.

165x110/3670 Bytes

The article discusses the concerns raised by Gary Shapiro, CEO of the Consumer Technology Association (CTA), regarding former President Donald Trump's economic policies, particularly his use of tariffs. Shapiro criticizes Trump's approach, stating that these tariffs, which were imposed on goods from China and other countries, have not only failed to bring manufacturing jobs back to the U.S. but have also increased costs for American consumers and businesses. He argues that these policies have led to retaliatory tariffs from other nations, negatively impacting U.S. exports and potentially leading to a trade war. Shapiro also mentions that Trump's policies could disrupt global supply chains, which are crucial for the technology sector, and might result in higher prices and reduced competitiveness for American companies. He advocates for a more strategic approach to trade that focuses on innovation, intellectual property protection, and fostering a business-friendly environment rather than relying on protectionist measures.

Read the Full Fortune Article at:
[ https://www.msn.com/en-us/politics/government/trump-s-tariffs-and-policies-are-putting-america-s-economy-at-risk-consumer-technology-association-ceo/ar-AA1BfUQO ]