ITIF: Retaliatory tariffs could cut U.S. tech exports by $56 billion

U.S. tech exports could drop by $56 billion if countries institute tit-for-tat retaliatory tariffs against President Trump’s “Liberation Day” tariff regime, according to new analysis by the Information Technology and Innovation Foundation. ITIF, a science and technology think tank, modeled the impacts of retaliatory tariffs on advanced manufactured goods covered under the World Trade Organization’s Information Technology Agreement, which typically are exempt from tariffs for countries – like the U.S. – that are party to the agreement. In a blog...