CTA's Shapiro: Trump Should Fully Revoke Tariffs
President Donald Trump should “fully revoke” tariffs in the wake of his 90-day pause announcement Wednesday, said Consumer Technology Association CEO Gary Shapiro in a statement. “We appreciate President Trump's willingness to pause most tariffs,” but the additional 10% universal…
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baseline tariffs, which are still in effect, and the “continued uncertainty” are “already hurting American small businesses,” Shapiro said. The pause doesn’t affect China, and in a post Wednesday on Truth Social, Trump announced an increase in tariffs on that country’s imports to 125%. Many consumer electronics are manufactured in China, including most iPhones. “CTA urges President Trump to focus his efforts on what he does best, dealmaking,” Shapiro said. “Now is the time to reposition the United States with our allies as a reliable trading partner while growing the American and global economy."