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As the new Trump administration prepares to take office, the Consumer Technology Association is warning again that any proposed tariffs could cause consumer technology prices to skyrocket.<\/p>\n

The CTA began sounding the tariff warning bells<\/a> last year. In the middle of CES, it provided updated information on the specific effects of those tariffs on specific products. <\/p>\n

Since President Trump has yet to take office, it\u2019s not clear whether he would impose tariffs, which the CTA believes he can do without congressional approval. But the possibility is still alarming. As others have done, the CTA is considering two scenarios: a 10 percent tariff on all imports, as well as a 60 percent on all products imported from China; and a 20 percent tariff on all imports, and a 100 percent tariff on Chinese manufactured goods.<\/p>\n

If a retailer or consumer wants to import an item upon which a tariff has been imposed, they must pay the cost of the item plus an additional fee to the U.S. Not surprisingly, many regard these as taxes \u2014 including, apparently, President Trump, who has indicated that higher tariffs could offset tax cuts made elsewhere.<\/p>\n

The CTA, naturally, doesn\u2019t want its member companies to bear this burden.<\/p>\n

\u201cAt their core, these proposals are tools for the U.S. government to grab as much tax revenue as possible from the American people,\u201d the CTA said in a report made public on Thursday. \u201cWe have seen this movie before and know the ending. The proposed tariffs will not create more employment or manufacturing in the U.S. In fact, the opposite may happen where our productivity decreases and jobs may be lost over time when workers and businesses have less affordable access to technology.\u201d<\/p>\n

Buyers of laptops, smartphones, and tablets would face the greatest impact, the report said.<\/p>\n