US: New plea to reduce tariffs on shoes
12/02/2015
The association said: “With 99% of all shoes sold in the US imported, these tariffs do nothing more than drive up costs for American consumers and footwear businesses alike. Today’s announcement is another reminder of the importance of Congress quickly passing Trade Promotion Authority (TPA) for President Obama, ensuring that the Trans-Pacific Partnership (TPP) and other trade initiatives are finalised and enacted – duties collected on footwear from TPP countries was up an astonishing 24% in 2014.”
Wolverine Worldwide CEO Blake Krueger described the tariffs as a “hidden tax”. “If we can get these duties removed through TPP we can ultimately provide an even better value to our consumers, and at the same time create more jobs across the country,” he said. “It is a win-win situation and I urge Congress to support the agreement.”
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