Tariffs could increase tech prices by up to 70% and reduce GDP by $69 billion according to CTA report

U.S. tariffs enacted in April could raise tech product prices by 11% to 70%, slash consumer spending by $123 billion annually, and reduce GDP by $69 billion, according to a Consumer Technology Association report.

May 7, 2025 - 19:30
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Tariffs could increase tech prices by up to 70% and reduce GDP by $69 billion according to CTA report
U.S. tariffs enacted in April could raise tech product prices by 11% to 70%, slash consumer spending by $123 billion annually, and reduce GDP by $69 billion, according to a Consumer Technology Association report.