WASHINGTON – ITI president and CEO Dean Garfield released the following statement regarding the Trump Administration’s plan to move forward with imposing $200 billion worth of tariffs on Chinese goods.
“President Trump’s decision to impose an additional $200 billion is reckless and will create lasting harm to communities across the country. China must change, but this is not the way to achieve the needed market access in China. More tariffs not only punish American consumers, manufacturers, and businesses of all sizes, they will also diminish the opportunity to negotiate with the Chinese and address longstanding trade issues. If implemented, these tariffs will have both short- and long-term effects on the United States – from increased prices at the checkout counter to decreased leadership on the emerging technologies that will shape our future.”