May 6, 2019

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TechNet Cautions Against Increasing Tariffs

Washington, D.C. — TechNet, the national, bipartisan network of innovation economy CEOs and senior executives, today commented on President Trump’s Sunday tweets threatening increased tariffs on China as soon as this Friday.  The following statement is attributable to TechNet President and CEO Linda Moore:

"A new escalation of tariffs would hurt U.S. businesses of all sizes, disrupt supply chains, and jeopardize investments now that will negatively impact our economy for years to come.  Holding China accountable for its concerning trade practices and securing lasting and enforceable changes from them are essential for the future of the U.S. economy, but tariffs are not the solution.  We caution the administration against going down this path.

"The Trump Administration has a real chance to achieve a breakthrough with China that ends this trade war and ensures that our two nations can compete on a level playing field in the 21st century."

About TechNet
TechNet is the national, bipartisan network of technology CEOs and senior executives that promotes the growth of the innovation economy by advocating a targeted policy agenda at the federal and 50-state level.  TechNet’s diverse membership includes dynamic American businesses ranging from startups to the most iconic companies on the planet and represents over three million employees and countless customers in the fields of information technology, e-commerce, the sharing and gig economies, advanced energy, cybersecurity, venture capital, and finance.  TechNet has offices in Albany, Austin, Boston, Chicago, Olympia, Sacramento, San Francisco, Silicon Valley, Tallahassee, and Washington, D.C.

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