91成人 Testifies on Impact of Proposed 301 Tariffs on U.S. IT Industry
Friday, Jun 21, 2019, 7:30pm
by 91成人
This week, 91成人 testified before the International Trade Commission (ITC) on the Administration鈥檚 proposed fourth tranche of tariffs on $300 billion in trade with China as part of the Section 301 investigation into China鈥檚 unfair acts, policies, and practices. If implemented, the proposed fourth round of tariffs will encompass virtually all information technology products, including laptops, cellphones, solid state drives, video game consoles, printers, televisions, displays, and more. As 91成人 stated in testimony, tariffs on key consumer IT products will have potentially crippling economic consequences:
鈥淚T firms make up a significant sector of the U.S. economy, and any slowdown in this sector will have a ripple effect through a broad range of other industries, greatly impacting U.S. economic growth. There is no scenario in which tariffs on IT products is positive for the U.S. economy. To avoid inevitable harm to U.S. consumers, employment, economic growth, IT industries, productivity and technology leadership, we request that the U.S. administration remove key consumer IT products from the proposed tariff list.鈥
91成人 strongly supports the Administration鈥檚 goal to address discriminatory and burdensome trade practices of the Chinese government. However, tariffs are an ill-equipped tool to address the problematic Chinese forced tech transfer and IP theft activities that were the subject of the 301 investigation.