The Consumers for World Trade told U.S. trade policy negotiators that tariffs on shoes and clothing alone from Central America are in excess of 10 percent.
“The CAFTA negotiation provides an important opportunity for U.S. negotiators to achieve not only increased access to foreign markets for U.S. exporters, but also a more open and competitive U.S. market for U.S. consumers,” said Robin Lanier, executive director of Consumers for World Trade, in testimony sent to the U.S. Trade Policy Staff Committee.
The group cited a recent study by the Progressive Policy Institute, which found that imports of clothing and shoes represent 6.7 percent of all goods imported, but nearly $8.7 billion, or 47 percent, of U.S. collected tariffs.
“These hidden taxes fall heaviest on those consumers who can least afford to pay them — working families with children — who must devote a larger portion of their annual income to the purchase of these products,” Lanier said.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now