CTA
Tariffs could increase tech prices by up to 70% and reduce GDP by $69 billion according to CTA report
The export tariffs enacted in April are expected to raise retail prices by 11% to 70% across different categories, cut consumer spending by $123 billion annually, and shrink U.S. economic output by $69 billion, according to a report by Trade Partnership Worldwide (TPW), published by the Consumer Technology Association (CTA) on Wednesday. There are a…