News Tariffs could increase tech prices by up to 70% and reduce GDP by $69 billion according to CTA report

[Admin]

U.S. tariffs enacted in April could raise tech product prices by 11% to 70%, slash consumer spending by $123 billion annually, and reduce GDP by $69 billion, according to a Consumer Technology Association report.

Tariffs could increase tech prices by up to 70% and reduce GDP by $69 billion according to CTA report : Read more

 

[TheSecondPower]

A $69 billion hit to GDP? The GDP is around $28,000 billion.

 

[rambo919]

the sky is falling THE SKY IS FALLING

 

[dalek1234]

"Tariffs could increase tech prices..." You're missing the "in the States" part.

 

[rambo919]

"Tariffs could increase tech prices..." You're missing the "in the States" part.

Honestly.... as ridiculously cheap as tech is in the US.... they won't die from an increase up to what the third world pays. Everyone is just entitled without realizing how entitled they are.

Life must be good having a slave army in a foreign country making everything cheap for you.

 

[logainofhades]

Oh look another tariff article. Seriously, is this all Tom's knows how to post about these days?

 

[Pemalite]

What a political article.