SIA Statement on Trump Tariff Announcement

The Trump administration’s announced tariff policies will require careful review and analysis to understand the impact on Security Industry Association (SIA) members, their partners, public safety and the protection of critical infrastructure.  While leveraging tariffs to achieve parity with unfair trade practices from other nations is understandable, tariff wars are very difficult to deescalate and have significant economic consequences.

As SIA reviews these policies, we maintain our steadfast view that U.S. trade policy should drive open markets, competitiveness and innovation and effectively protect intellectual property rights. Not only is the U.S. one of the largest security markets, but it also continues to be an important center for product development, intellectual property ownership and manufacturing for many of our members, which are dependent on a global supply chain.

The security industry is a dynamic and rapidly growing sector of the national economy with a total economic impact of $431.3 billion, supporting 2.1 million jobs and $145.5 billion in wages, including supplier and induced economic activity.  Trade policy should accelerate further growth and contribute to a business climate that thrives as a result of sound, clear and predictable trade policy.

As soon as practicable, SIA will offer its members analysis of the tariffs, education in different formats and access to experts who can share additional insight into these policies.