US Tech Exports Could Take Big Hit from Retaliatory Tariffs, Industry Group Says

Foreign countries' retaliatory tariffs against the Trump administration’s new global tariffs could cut U.S. exports of goods covered by the World Trade Organization’s Information Technology Agreement by at least $56 billion a year, the Information Technology and Innovation Foundation said April 23.

ITIF estimated that China would account for half of the loss, while the rest of the world would account for the remainder. Products that could be affected include integrated circuits, large aircraft, medical devices and mobile phones.

“Bringing manufacturing back to the United States is the right goal for the Trump administration, but slapping indiscriminate tariffs on the world undermines that very mission,” ITIF said. “Countries will retaliate, hampering U.S. tech exporters, undermining U.S. competitiveness, and handing American firms’ hard-earned global market share to foreign rivals.”

The administration unveiled a mix of reciprocal and universal tariffs April 2. It announced a 90-day pause on the high country-specific reciprocal tariffs April 9, and an exemption for 20 electronic products April 11 (see 2504100044 and 2504120001).