Comment on Expect historic consumer spending on tech in 2025 — but only if the Trump tariffs don't happen, industry group says

Expect historic consumer spending on tech in 2025 — but only if the Trump tariffs don't happen, industry group says

The Consumer Technology Association is projecting record consumer tech spending in 2025 without Trump's tariffs.Kevin Carter/Getty ImagesConsumer tech spending could hit $537 billion in 2025, the Consumer Technology Association said.However proposed tariffs by President-elect Donald Trump could cut into that projected revenue.The CTA said tariffs could increase tech prices and lower consumer purchasing power by billions.Consumer spending on tech could hit a record high of $537 billion this year, according to a new report from the Consumer Technology Association.But those projected retail revenues might not be met if President-elect Donald Trump follows through on promises of sweeping tariffs.The CTA's report found the proposed tariffs could lead to tens of billions of losses in revenue, if not more.

 

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