Trump's tariffs will raise prices on televisions for US consumers, study shows

http://thehill.com/policy/finance/383531-trumps-tariffs-will-raise-prices-on-televisions-for-us-consumers-study-shows

Televisions will cost U.S. consumers millions more each year if President Trump slaps billions in proposed tariffs on China, a new study shows.

The National Retail Federation (NRF) and the Consumer Technology Association (CTA) examined the effects of 25 percent tariffs on imports of TVs and and other products found that Americans would pay an estimated $711 million over the next year on televisions.

"China’s unfair trade practices must be addressed, but as this study shows, tariffs aren’t the answer and will punish U.S. consumers in the form of higher prices,” said NRF President and CEO Matthew Shay.

“We urge the administration to avoid taxing Americans through tariffs and instead work with our like-minded trading partners and develop a serious, long-term strategy to pressure China to play by the rules,” Shay said.

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