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 couple of catches: the report, which evaluates how recent U.S. tariffs will affect prices of 10 widely used technology products in the U.S., assumes that all tariffs will come into effect, and that there will be full pass through to retail buyers.
