It is a tax that was put in place in the 1930's to protect the US shoe manufacturing industry from low cost foreign producers. There are NO mass low cost producers of shoes in the US anymore. This tax is protecting no US jobs in that sector It is simply a revenue producer for the Federal Govt.
From an article at the BBC:
"From the importer to the distributor to the retailer, that price is marked up to create profit margins," says Matt Priest, president of the Footwear Distributors and Retailers of America (FDRA).
"So looking at a children's shoe at $9.99, $3-4 of that could be attributed to the tariff paid at the border."
By eliminating that barrier, put in place by the Tariff Act of 1930, prices will fall in the mass market, he says.
"If Walmart was to pass on that saving to consumers, the competitors will follow. If you're a single mum with three kids and you have to buy them shoes once a quarter you're talking about a decent saving just by eliminating this tax."
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