10 Jul Congressional Letters Supporting Elimination of Footwear Duties Through TPP
Posted at 09:12h in Latest News
Vietnam Footwear Imports – Did You Know
- American families are paying a hidden outdated tax on shoes, which can add as much as 67.5% for a pair of shoes coming from Vietnam.
- Vietnam is the second largest supplier of footwear to the U.S. at a volume of 8%.
- 99% of all shoes sold in the U.S. are made overseas, meaning outdated footwear tariffs hit every family, and hits lower-income families hardest.
- This hidden shoe tax is regressive. For example, children’s sneakers are taxed at a higher duty rate than Italian leather loafers worn on Wall Street.