CTA’s Shapiro: ‘Resilience’ is a Focus of CES 2019
The Consumer Technology Association’s president and CEO, Gary Shapiro, officiated at a New York City press event Nov. 8 that set the stage for the pre-CES 2019 run-up period, talking tough on tariffs while emphasizing the international nature of CES and its global-venue status as its strength for the coming together of the “entire ecosystem” of current and emerging technologies, including 5G and Artificial Intelligence.
He warned of “serious ramifications for the industry” should tariffs on Chinese goods ratchet up to 25 percent come January 1. “Companies are feeling the effects of 10 percent,” he said. He framed the tariffs in historical perspective, alluding to the Smoot-Hawley Tariff Act imposed in 1930, which raised U.S. import duties on over 20,000 imported goods and, it is widely believed, heightened the impact of The Great Depression. “We are on the cusp of doing something very similar,” he said. “This is also about small companies… It affects our industry, the stock market, our economic health, and the strong successes that have come about in the Trump Administration.
“But we’ll be resilient,” Shapiro continued. “Resilience is the new focus of CES 2019,” he said.