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Pat Yanez' databits |
Tariffs on Shoes
Pat Yanez' databits are snapshots of useful information for classroom discussion. Email Pat Yanez
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Tariffs on Shoes |
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| U.S. consumers are paying tariffs up to 67% every time they buy a pair of shoes. The tariff was created in the 1930's to save U.S. jobs, but today only 1% of the shoes purchased by Americans are made in the U.S. The government collects almost $2 billion on shoe tariffs annually. Even the few remaining domestic shoe manufacturers, such as New Balance, back the bill since it would keep in place some tariffs on certain high-end athletic shoes and protective rubber footwear like firemen's boots. | ||
| - News coverage: WWD Footwear industry Congress Daily HeraldNet WSJ | ||
| - Senate bill to repel shoe tariff (March 2009) | ||
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Pat Yanez' databits are snapshots of useful information for classroom discussion. Email Pat Yanez
|