Trade Associations
Here's a look at documents from national and international trade associations
Featured Stories
U.S. Meat Consumption Increases Despite Rising Prices
NASHVILLE, Tennessee, May 20 -- The American Farm Bureau Federation issued the following news release:
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U.S. Meat Consumption Increases Despite Rising Prices
America's demand for meat continues to grow, even as the cost of beef, pork and chicken rises. Memorial Day weekend is the unofficial kickoff to grilling season, and in the latest Market Intel, American Farm Bureau Federation economists analyzed what prices shoppers may find at the grocery store.
Industry analysis shows meat sales hit $112 billion in 2025, with more than 98% of American households purchasing meat for daily meals.
... Show Full Article
NASHVILLE, Tennessee, May 20 -- The American Farm Bureau Federation issued the following news release:
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U.S. Meat Consumption Increases Despite Rising Prices
America's demand for meat continues to grow, even as the cost of beef, pork and chicken rises. Memorial Day weekend is the unofficial kickoff to grilling season, and in the latest Market Intel, American Farm Bureau Federation economists analyzed what prices shoppers may find at the grocery store.
Industry analysis shows meat sales hit $112 billion in 2025, with more than 98% of American households purchasing meat for daily meals.USDA is forecasting consumption of beef, pork and chicken to rise in 2026.
"Beef remains the centerpiece of many cookouts, but record-high prices and historically tight cattle inventories continue to challenge both consumers and producers," the Market Intel states. "Pork offers relative value and stability, supported by efficient production and strong export markets, even as producers navigate ongoing disease risks. Meanwhile, chicken stands out as the most accessible option, with steady production growth and modest prices helping it maintain its place as America's most-consumed protein."
USDA reports the average retail price for beef set a record in April at $9.64 per pound, up about 13% from the previous year. Beef prices remain elevated by strong demand and the smallest U.S. cattle herd in 75 years. This is a result of years of drought, reduced income following the pandemic and elevated operating costs that have led farmers to liquidate their herds.
The average price of pork increased 2.3% from April 2025 to April 2026. Pork chops are the most popular cut. The average retail price for pork chops in U.S. cities was $4.33 per pound in April 2026, up 9 cents per pound from the same time last year. Prices reflect a balanced supply of hogs and growing consumer demand.
For chicken, USDA estimates about 42.2 billion pounds of chicken will be purchased in 2026, up 46 million pounds from 2025. The overall price of chicken fell in April by 0.7% compared to April 2025. Boneless chicken breasts in U.S. cities cost an average of $4.17 per pound in April, down a penny from the same time last year. Poultry flocks continue to recover from avian influenza, which has helped to control price increases.
American Farm Bureau Federation President Zippy Duvall said, "Home-grown meat continues to be a staple for America's families. Despite higher prices at the grocery store, families trust America's farmers and ranchers to grow the food that is put on the grill and on dinner tables across the country. We urge the administration and Congress to prioritize ranchers as they rebuild herds so they can continue to meet the needs of the nation's families."
For shoppers looking to save money, retailers and grocery stores generally increase promotional sales and specials as holidays draw closer.
While this is a snapshot of current meat prices, the American Farm Bureau Federation conducts annual surveys of the average cost of a full Thanksgiving dinner and a 4th of July cookout. The 4th of July marketbasket survey will be released on June 26, 2026.
Read the full Memorial Day Market Intel here (https://www.fb.org/market-intel/meat-demand-sizzles-as-memorial-day-nears).
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Original text here: https://www.fb.org/news-release/u-s-meat-consumption-increases-despite-rising-prices
[Category: Agriculture]
Sunscreen Saves Lives: Health Experts Say EWG Guide Sends the Wrong Message
WASHINGTON, May 20 -- The Consumer Healthcare Products Association issued the following news release:
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Sunscreen Saves Lives: Health Experts Say EWG Guide Sends the Wrong Message
The Consumer Healthcare Products Association (CHPA) and Personal Care Products Council (PCPC) today released the following joint statement in response to recent discussions about sunscreen effectiveness, labeling, and safety, including the Environmental Working Group's (EWG) 2026 Guide to Sunscreens:
Skin cancer is the most common cancer in the United States, and health authorities consistently emphasize that
... Show Full Article
WASHINGTON, May 20 -- The Consumer Healthcare Products Association issued the following news release:
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Sunscreen Saves Lives: Health Experts Say EWG Guide Sends the Wrong Message
The Consumer Healthcare Products Association (CHPA) and Personal Care Products Council (PCPC) today released the following joint statement in response to recent discussions about sunscreen effectiveness, labeling, and safety, including the Environmental Working Group's (EWG) 2026 Guide to Sunscreens:
Skin cancer is the most common cancer in the United States, and health authorities consistently emphasize thatdaily use of broad-spectrum sunscreen--along with other protective measures--can significantly reduce the risk of skin damage and skin cancer.
"In the U.S., more people are diagnosed with skin cancer each year than all other cancers combined. Currently, less than 12 percent of U.S. adults use sunscreen daily. Alarmist headlines and misleading claims about sunscreen safety exacerbate an already dire, but preventable, public health situation. Sunscreens are well studied and rigorously tested products, and decades of evidence show they are both safe and effective at reducing the risk of skin cancer. Sensationalized reports that cast doubt on their safety only create confusion and ultimately put the U.S. public at greater risk." Said Dr. Jane Yoo, MD, Board Certified Dermatologist & Spokesperson, Skin Cancer Foundation.
"The best sunscreen is the one you use every day and reapply as directed," said CHPA's Senior Vice President of Scientific and Regulatory Affairs Dr. Scott Furness. "Decades of scientific evidence show that broad-spectrum sunscreen helps prevent skin cancer when used consistently and correctly. Sun protection isn't defined by a single number alone, but by proper use and everyday habits, like seeking shade and wearing sun protective clothing. Information that may discourage sunscreen use or create confusion about its effectiveness can undermine an important public health tool. Sunscreens in the U.S. are regulated by the FDA and must meet established standards, and we support continued, science-based dialogue that supports consumer choice and reinforces the importance of daily sun protection habits."
"Broad-spectrum sunscreens have been shown to help protect against ultraviolet radiation, a known risk factor for skin cancer and skin damage," said Dr. Jaap Venema, Chief Scientist at the Personal Care Products Council. "Reports that question the safety and efficacy of sunscreen products undermine decades of evidence-based research and may contribute to increased ultraviolet radiation exposure, sunburn, and preventable skin damage. Suggesting that only a limited number of sunscreens are safe and effective discourages sunscreen use, which can harm public health, especially for those with repeated sun exposure."
Survivors of melanoma echoed the importance of consistent daily sun protection:
"From my perspective as a melanoma survivor, daughter of a stage IV metastatic melanoma warrior (my father) and someone who advocates for sun safety every day, one of the most important messages we can continue sharing is that sunscreen remains a critical tool in skin cancer prevention. While no product is perfect, messaging that creates fear or confusion around sunscreen safety can unfortunately discourage people from using any protection at all and that can have very real consequences." Said Leah Adams, patient advocate and melanoma survivor.
"We cannot let fear mongering convince people that sunscreen is more dangerous than the sun. We know UV radiation causes skin cancer. That has been proven over and over. I grew up wearing little to no sunscreen, meaning that my Stage III diagnosis at the age of 25 was caused by years of sun exposure from tanning beds and sunburns -- not sunscreen." Said Leah Koskinen, patient advocate and melanoma survivor.
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The Consumer Healthcare Products Association (CHPA), founded in 1881, is the national trade association representing the leading manufacturers and marketers of consumer healthcare products, including over-the-counter (OTC) medicines, dietary supplements, and OTC medical devices. CHPA is committed to empowering self-care by ensuring that Americans have access to products they can count on to be reliable, affordable, and convenient, while also delivering new and better ways to get and stay healthy. Visit www.chpa.org.
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Based in Washington, D.C., the Personal Care Products Council (PCPC) is the leading national trade association representing the global cosmetic and personal care products industry. Founded in 1894, PCPC's 600 member companies manufacture, distribute, and supply the vast majority of finished personal care products marketed in the U.S. As the makers of a diverse range of products millions of consumers rely on every day, from sunscreens, toothpaste and shampoo to moisturizer, lipstick and fragrance, personal care products companies are global leaders committed to product safety, quality, and innovation. For more information on cosmetics and their ingredients, please visit www.cosmeticsinfo.org.
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Original text here: https://www.chpa.org/news/2026/05/sunscreen-saves-lives-health-experts-say-ewg-guide-sends-wrong-message
[Category: Health Care]
Ooma Receives Frost & Sullivan's 2026 North American Competitive Strategy Leadership Recognition for Excellence in POTS-Replacement Solution Innovation
SAN ANTONIO, Texas, May 20 -- Frost and Sullivan, a provider of market research and analysis, growth strategy consulting and corporate training services, posted the following news release:
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Ooma Receives Frost & Sullivan's 2026 North American Competitive Strategy Leadership Recognition for Excellence in POTS-Replacement Solution Innovation
Recognized for its innovation and customer-oriented approach in delivering reliable, scalable POTS-replacement solutions that enhance operational visibility and control.
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Frost & Sullivan is pleased to announce that Ooma has been honored with the 2026
... Show Full Article
SAN ANTONIO, Texas, May 20 -- Frost and Sullivan, a provider of market research and analysis, growth strategy consulting and corporate training services, posted the following news release:
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Ooma Receives Frost & Sullivan's 2026 North American Competitive Strategy Leadership Recognition for Excellence in POTS-Replacement Solution Innovation
Recognized for its innovation and customer-oriented approach in delivering reliable, scalable POTS-replacement solutions that enhance operational visibility and control.
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Frost & Sullivan is pleased to announce that Ooma has been honored with the 2026North American Competitive Strategy Leadership Recognition in the POTS-replacement industry for its outstanding achievements in innovation, strategy execution, and customer impact. This recognition highlights Ooma's consistent leadership in driving measurable outcomes, strengthening its market position, and delivering customer-centric innovation in an evolving competitive landscape.
Guided by a long-term growth strategy focused on connectivity and cloud communications services, Ooma has shown its ability to adapt and lead in a rapidly evolving landscape. The company's strategic agility and sustained investment in analog replacement and cloud-managed services have enabled it to scale effectively across North America. Ooma's integrated model--combining hardware, connectivity, voice services, and centralized management--positions it as a trusted provider for organizations navigating the transition away from legacy POTS infrastructure.
Ooma's suite of cloud communications and connectivity solutions addresses a broad spectrum of communications modernization needs, offering reliability, simplicity, flexibility, and compliance. Ooma AirDial(R) exemplifies this innovation by delivering a purpose-built solution for mission-critical applications, such as fire alarms, elevators, emergency phones, fax, and point-of-sale systems. Ooma's most recent innovation, POTSTracker, continuously monitors copper discontinuance filings, maps them to customer locations and numbers, assigns urgency, and delivers alerts and analytics to help organizations proactively plan POTS migrations before disruption-extending AirDial's value upstream by reducing risk, improving prioritization, and accelerating large scale deployments.
By streamlining service delivery, enabling self-service and centralized administration through advanced management portals, and maintaining high levels of service availability, the company continues to meet the needs of its expanding customer base. Its customer-oriented, data-driven approach ensures that product enhancements are aligned with real-world operational requirements, improving manageability and reducing complexity for organizations.
"Ooma AirDial(R) offers a powerful and practical path for organizations transitioning away from POTS lines. Built specifically to eliminate the limitations of analog connectivity, the solution is easy to implement and manage, and cost-effective at scale. AirDial delivers the security, compliance, and functional robustness required to support critical devices," states Elka Popova, Vice President of Connected Work Research at Frost & Sullivan.
"Frost & Sullivan's recognition underscores what enterprises are already experiencing: legacy POTS infrastructure is reaching the end of the road. Built as part of Ooma's broader communications platform, AirDial helps organizations modernize critical connectivity with a more reliable, scalable, and future-ready solution," states Jim Gustke, Senior Vice President of Marketing at Ooma.
Frost & Sullivan commends Ooma for setting a high standard in competitive strategy, execution, and market responsiveness. The company's vision, innovation pipeline, and customer-first culture are shaping the future of the POTS-replacement industry and driving tangible results at scale.
Each year, Frost & Sullivan presents the Competitive Strategy Leadership Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. This recognizes forward-thinking organizations that are reshaping their industries through innovation and growth excellence.
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About Ooma, Inc.
Ooma (NYSE: OOMA) delivers phone, messaging, video and advanced communications services that are easy to implement and provide great value. Founded in 2003, the company offers Ooma Office for small to medium-sized businesses seeking enterprise-grade features designed for their needs; Ooma AirDial for any business looking to replace aging and increasingly expensive copper phone lines; Ooma 2600Hz for businesses that provide their own communications solutions built on an outsourced underlying platform; and Ooma Telo for residential consumers who value a landline experience at a more affordable price point. Ooma's award-winning solutions power more than 1.2 million users today. Learn more at www.ooma.com in the United States or www.ooma.ca in Canada.
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Original text here: https://www.frost.com/news/press-releases/ooma-receives-frost-sullivans-2026-north-american-competitive-strategy-leadership-recognition-for-excellence-in-pots-replacement-solution-innovation/
[Category: BizConsulting]
NCBA, ASI, and PLC Congratulate BLM Director Pearce's Senate Confirmation
CENTENNIAL, Colorado, May 20 -- The National Cattlemen's Beef Association posted the following news release on May 19, 2026:
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NCBA, ASI, and PLC Congratulate BLM Director Pearce's Senate Confirmation
Today, the National Cattlemen's Beef Association (NCBA), American Sheep Industry Association (ASI), and Public Lands Council (PLC) congratulated former New Mexico Congressman Steve Pearce on being confirmed by the Senate to serve as the new Director of the Bureau of Land Management (BLM). All three industry groups have supported Director Pearce's nomination from the beginning and pushed for
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CENTENNIAL, Colorado, May 20 -- The National Cattlemen's Beef Association posted the following news release on May 19, 2026:
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NCBA, ASI, and PLC Congratulate BLM Director Pearce's Senate Confirmation
Today, the National Cattlemen's Beef Association (NCBA), American Sheep Industry Association (ASI), and Public Lands Council (PLC) congratulated former New Mexico Congressman Steve Pearce on being confirmed by the Senate to serve as the new Director of the Bureau of Land Management (BLM). All three industry groups have supported Director Pearce's nomination from the beginning and pushed forhis confirmation because ranchers need a permanent BLM Director to be able to efficiently do their jobs.
"Director Pearce is the right person to lead the BLM and increase partnerships with the ranchers that manage millions of acres of range and pastureland land. NCBA is proud to have supported Pearce's nomination since the beginning of the process and we are excited to continue working with him to the benefit of cattle producers across the West," said NCBA President Gene Copenhaver.
"We are excited to welcome Steve Pearce as the new BLM Director and congratulate him on this appointment. We look forward to working with him in the months ahead," said ASI President Ben Lehfeldt.
"Director Pearce has always been a strong advocate in upholding the multiple use mandate that guides federal land use policy and working closely with ranchers during his decades of public service. As BLM Director, he will be able to utilize his expertise to ensure ranchers are able to carry out the voluntary conservation work that is vital to maintaining America's treasured natural resources. PLC and western livestock producers congratulate Director Pearce and stand ready to work with him to make much-needed changes to the BLM," said PLC President and Colorado permittee Tim Canturbury.
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Original text here: https://www.ncba.org/news-media/news/details/48274/ncba-asi-and-plc-congratulate-blm-director-pearces-senate-confirmation
[Category: Agriculture]
NAR Pending Home Sales Report Shows 1.4% Increase in April
WASHINGTON, May 20 -- The National Association of Realtors posted the following news release:
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NAR Pending Home Sales Report Shows 1.4% Increase in April
Month Over Month
* 1.4% increase in pending home sales
* Gains in the Northeast, Midwest and West; decline in the South
Year Over Year
* 3.2% increase in pending home sales
* Gains in the Midwest, South and West; decline in the Northeast
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Pending home sales in April increased by 1.4% month over month and rose 3.2% year over year, according to the National Association of REALTORS(R) Pending Home Sales report. The report provides
... Show Full Article
WASHINGTON, May 20 -- The National Association of Realtors posted the following news release:
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NAR Pending Home Sales Report Shows 1.4% Increase in April
Month Over Month
* 1.4% increase in pending home sales
* Gains in the Northeast, Midwest and West; decline in the South
Year Over Year
* 3.2% increase in pending home sales
* Gains in the Midwest, South and West; decline in the Northeast
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Pending home sales in April increased by 1.4% month over month and rose 3.2% year over year, according to the National Association of REALTORS(R) Pending Home Sales report. The report providesthe real estate ecosystem--including agents, homebuyers and sellers--with data on the level of home sales under contract.
Month over month pending home sales rose in the Northeast, Midwest and West, and declined in the South. Year over year pending home sales rose in the Midwest, South and West, and declined in the Northeast.
"Buyers are coming out with cautious optimism despite increasing economic uncertainty and a slight rise in mortgage rates," said NAR Chief Economist Dr. Lawrence Yun. "Demand will easily be even higher once mortgage rates retreat to the levels they were at earlier this year."
"Historically low foreclosure sales imply minimal price discounts, with a majority of markets selling at a higher price from a year ago," Yun said. "Unless supply meaningfully increases, home price growth could outpace wage growth and further erode the homeownership rate. All efforts need to be focused on boosting housing supply."
April 2026 National Pending Home Sales
* 1.4% increase month over month
* 3.2% increase year over year
April 2026 Regional Pending Home Sales
Northeast
* 6.6% increase month over month
* 0.6% decrease year over year
Midwest
* 3.0% increase month over month
* 2.7% increase year over year
South
* 0.7% decrease month over month
* 4.7% increase year over year
West
* 0.4% increase month over month
* 3.8% increase year over year
At the local level, several markets posted notable year-over-year gains in pending home sales. Among the 50 largest metro areas, the following 10 markets posted the biggest annual increases in pending home sales, according to data from Realtor.com(R) Economics:
1. Boston-Cambridge-Newton, MA-NH (+10.3%)
2. Miami-Fort Lauderdale-West Palm Beach, FL (+9.4%)
3. Oklahoma City, OK (+8.6%)
4. Milwaukee-Waukesha, WI (+7.4%)
5. Virginia Beach-Chesapeake-Norfolk, VA-NC (+7.2%)
6. Raleigh-Cary, NC (+5.7%)
7. Dallas-Fort Worth-Arlington, TX (+5.5%)
8. Washington-Arlington-Alexandria, DC-VA-MD-WV (+5.4%)
9. Columbus, OH (+5.4%)
10. Charlotte-Concord-Gastonia, NC-SC (+5.1%)
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About the National Association of REALTORS(R)
The National Association of REALTORS(R) is involved in all aspects of residential and commercial real estate. The term REALTOR(R) is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS(R) and subscribes to its strict Code of Ethics. For free consumer guides about navigating the homebuying and selling transaction processes - from written buyer agreements to negotiating compensation - visit facts.realtor.
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*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
Pending contracts are good early indicators of upcoming sales closings. However, the amount of time between pending contracts and completed sales is not identical for all home sales. Variations in the length of the process from pending contract to closed sale can be caused by issues such as buyer difficulties with obtaining mortgage financing, home inspection problems, or appraisal issues.
The index is based on a sample that covers about 40% of multiple listing service data each month. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.
An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population.
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NOTE: Existing-Home Sales for May will be reported on June 9. The next Pending Home Sales Index will be released on June 17. All release times are 10 a.m. Eastern. View the NAR Statistical News Release Schedule.
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Original text here: https://www.nar.realtor/newsroom/nar-pending-home-sales-report-shows-1-4-increase-in-april
[Category: Real Estate]
Changes to ESA May Be Slow Rolling, But Can Be Consequential
CHESTERFIELD, Missouri, May 20 -- The National Corn Growers Association issued the following news:
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Changes to ESA May Be Slow Rolling, but Can Be Consequential
U.S. agriculture is experiencing the most significant changes in how the Endangered Species Act (ESA) is administered since its creation more than 50 years ago. Following the result of a lawsuit - which aimed to highlight EPA's insufficient efforts to protect endangered species from pesticide applications - new pesticide labeling is being implemented to reflect these changes and protect listed species.
"NCGA has been in-tune with
... Show Full Article
CHESTERFIELD, Missouri, May 20 -- The National Corn Growers Association issued the following news:
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Changes to ESA May Be Slow Rolling, but Can Be Consequential
U.S. agriculture is experiencing the most significant changes in how the Endangered Species Act (ESA) is administered since its creation more than 50 years ago. Following the result of a lawsuit - which aimed to highlight EPA's insufficient efforts to protect endangered species from pesticide applications - new pesticide labeling is being implemented to reflect these changes and protect listed species.
"NCGA has been in-tune withthese changes since they began," says Becky Langer Curry, NCGA director of inputs & innovation. "We're ensuring growers' voices are heard throughout the process and have called for transparency and science-driven work, such as the species core maps, where it will impact growers the most."
Langer Curry notes that the pesticide label changes will be implemented on a rolling basis over the next 15 years. Each time a pesticide is up for registration or review, they will be subjected to the new process. Liberty Ultra is a product example with new ESA label language in place that will impact corn growers.
Where We Are Today
The EPA has been developing a series of ESA strategies that will allow them to consistently assess the impacts of products against large numbers of protected species. The herbicide, insecticide, fungicide and vulnerable species strategies will be most impactful to corn production. These strategies allow the EPA to use conservative estimates to protect listed species before a full consultation is completed with the Fish and Wildlife Service or the National Marine Fisheries Service. These conservative estimates allow protections to be in place while also allowing the products to remain available for grower use.
"The few labels that have been proposed or finalized with the new strategies give us an excellent view into the application of the strategies," adds Langer Curry. "Understanding the process, we're able to proactively provide information and nuance related to the various tools growers use on a regular basis."
Understanding the Field Mitigation Process
All ESA strategies rely on a three-step mitigation process: label mitigation, field mitigation and geographic mitigation. Growers need to understand and follow the mitigation process for each pesticide to ensure successful compliance with the ESA.
Label mitigation: This mitigation applies to all users and is implemented upon the pesticide's registration or review. It is important for growers to continue to check the labels and follow their instructions as those may change over time.
Field mitigation: This references grower specific conditions as it relates to run-off and erosion, as well as spray drift, for a specific pesticide. If a pesticide requires additional mitigations for these purposes, Growers and applicators will be directed to the EPA Mitigation Menu to select the most applicable mitigations. There are a number of runoff (e.g. cover crops and tillage practice) and spray drift (e.g., boom height and spray nozzle) mitigations that farmers may choose from. The menu is found at www.epa.gov/pesticides/mitigation-menu.
Geographic mitigation: Outside of individual fields, growers may have additional geographic restrictions or Pesticide Use Limitation Areas (PULAs). The EPA will rely on more than 1600 core maps to accurately refine current species locations to help create any necessary geographic restrictions. To date, ~10 core maps are final and ~197 are marked as interim - EPA has done quality assurance, but still waiting on finalization from Fish and Wildlife. Hundreds of species are checked out by organizations vested in the specific species and many others are available for checkout or will become available in the future. Growers are encouraged to visit USDA's Bulletin Live! Two up to six months prior to product use to review product-specific bulletins for PULAs.
"I've heard from numerous corn growers and their trusted advisors stating that these mitigations are achievable," says Langer Curry. "If they don't seem doable, a grower should really take a look at their operation and make some changes under the idea of continuous improvement."
Continued Work for the Corn Checkoff
Langer Curry's work is well-defined for her and the rest of NCGA. She has helped the corn checkoff prioritize the species impacting corn growers the most and is actively working on the core map design and implementation for three specific species, providing her expertise on the subjects to EPA. Even if a pest isn't prioritized by the national organization, Langer Curry is working closely with corn staff in individual states to navigate pests that may impact their growers in their state.
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Original text here: https://www.ncga.com/stay-informed/media/in-the-news/article/2026/05/changes-to-esa-may-be-slow-rolling-but-can-be-consequential
[Category: Agriculture]
CTA Trade Week Highlights $23.5 Billion Tariff Impact
ARLINGTON, Virginia, May 20 -- The Consumer Technology Association issued the following news release on May 19, 2026:
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CTA Trade Week Highlights $23.5 Billion Tariff Impact
U.S. business impact stories and new data show a 5x increase in annual tariff payments, highlighting rising cost pressures
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Today, the Consumer Technology Association (CTA)(R) kicks off its second annual Trade Week with the release of new data and member testimonials illustrating the cost of tariffs for American businesses and consumers.
CTA's Trade Week is one of Washington DC's premier trade events, connecting
... Show Full Article
ARLINGTON, Virginia, May 20 -- The Consumer Technology Association issued the following news release on May 19, 2026:
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CTA Trade Week Highlights $23.5 Billion Tariff Impact
U.S. business impact stories and new data show a 5x increase in annual tariff payments, highlighting rising cost pressures
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Today, the Consumer Technology Association (CTA)(R) kicks off its second annual Trade Week with the release of new data and member testimonials illustrating the cost of tariffs for American businesses and consumers.
CTA's Trade Week is one of Washington DC's premier trade events, connectingCTA members with policymakers and agency leaders to share firsthand perspectives on how tariffs and trade policies affect their businesses. At a pivotal moment for U.S. and global trade, it highlights the link between American innovation and global trade, a pillar of CTA's 2026 Innovation Agenda.
"Over the past year, businesses across the technology industry have faced challenges around uncertain and frequently shifting tariff rates," said Kinsey Fabrizio, President & CEO, Consumer Technology Association. "Stories from CTA members and new data on the tariff burden brings that picture into sharper focus, showing new tariffs in 2025 added major costs for American businesses and upended sourcing and supply chains."
CTA's Consumer Technology Industry Tariff Impact Snapshot highlights major new tariff burdens across the consumer technology industry, with rate increases in nearly every product category and the average tariff rate across the industry rising from 1% to 7% by the end of 2025. In total, consumer technology importers paid $23.5 billion in tariffs in 2025--more than five times the prior year ($4.04 billion).
Tariff payments by consumer tech importers hit a recent monthly peak at $3.3 billion in October 2025. Despite slight declines through February 2026, tariff rates remain well above historical levels. The data underscores reports from companies that both current and proposed tariff policies create continued uncertainty and risk for businesses making production and sourcing plans.
"Tariffs fuel inflation and make it harder for American businesses and consumers to produce and buy technology products," said Gary Shapiro, Executive Chair, CTA. "Companies are pivoting, but intense focus from executives on frequent supply chain shifts and tariff compliance means less focus on innovation, growth and job creation."
Tariffs Driving Higher Costs Across Key Tech Categories
CTA's analysis shows the steepest tariff jumps for several high-demand product categories:
* Gaming consoles: Average increase from 0% -> 19%
* Wireless headphones & earbuds: 0% -> 19%
* Smart home devices: 3% -> 11%
Companies Shift Global Sourcing Strategy:
* Imports from China dropped sharply--from over half of U.S. consumer technology imports in 2023 to just 12% in 2026.
* Vietnam is now a leading supplier, accounting for nearly a quarter of U.S. consumer technology imports.
CTA Trade Week is a members-only event. For more information about CTA Trade Week, trade and tariff resources, or membership, visit CTA.tech.
Methodology
To produce the Consumer Technology Industry Tariff Impact Snapshot, CTA analyzed monthly U.S. imports data from the U.S. Census Bureau, mapping it to consumer technology product categories using their corresponding HTS codes. ("Monthly U.S. Imports by Harmonized System (HS) Code." International Trade Data, Census Data API. Accessed April 2, 2026.)
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About Consumer Technology Association (CTA)(R):
As North America's largest technology trade association, CTA is the tech sector. Our members are the world's leading innovators - from startups to global brands - helping support more than 17 million American jobs. CTA owns and produces CES(R) - the most powerful tech event in the world. Find us at CTA.tech. Follow us @CTAtech.
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Original text here: https://www.cta.tech/press-releases/cta-trade-week-highlights-235-billion-dollar-tariff-impact
[Category: Electronic Products]
