ITI: Tariffs Threaten to Undermine U.S. Innovation, U.S. Competitiveness
WASHINGTON – Today, global tech trade association ITI Executive Vice President of Policy Sean P. Murphy reacted to the implementation of 25% tariffs on imports from Canada and Mexico and an additional 10% tariff on imports from China:
“Sustained tariffs could have unintended consequences that undermine President Trump’s ambitious innovation and economic policy agenda. Specifically, these actions threaten to raise costs on U.S. manufacturers and companies operating global supply chains that support major parts of the U.S. economy, inhibit America’s leadership on AI, provoke retaliation that affects the nearly $300 billion annual trade surplus in digital trade, and create an uncertain policy environment that puts the U.S. behind its global competitors. The tech sector wants President Trump to be successful in driving U.S. tech leadership, and we urge the Administration to work with us on a path forward that both eases the real economic harms of these tariffs and maintains U.S. competitiveness and innovation.”