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Started By
Message
Footwear Retailers Write Trump a Letter About Tariffs---some interesting points
Posted on 5/20/19 at 5:17 pm
Posted on 5/20/19 at 5:17 pm
quote:
Dear Mr. President:
As leading American footwear companies, brands and retailers, with hundreds of thousands of employees across the U.S., we write to ask that you immediately remove footwear from the most recent Section 301 list published by the United States Trade Representative on May 13, 2019. The proposed additional tariff of 25 percent on footwear would be catastrophic for our consumers, our companies, and the American economy as a whole.
There should be no misunderstanding that U.S. consumers pay for tariffs on products that are imported. As an industry that faces a $3 billion duty bill every year, we can assure you that any increase in the cost of importing shoes has a direct impact on the American footwear consumer. It is an unavoidable fact that as prices go up at the border due to transportation costs, labor rate increases, or additional duties, the consumer pays more for the product.
This significant tax increase, in the form of tariffs, would impact every type of shoe and every single segment of our society. In fact, our industry’s trade association, the Footwear Distributors & Retailers of America (FDRA), ran the numbers and the results are staggering. FDRA estimates your proposed actions will add $7 billion in additional costs for our customers, every single year. This dramatic increase would be on top of the billions Americans already pay as a result of the current tariff burden on footwear imports that was started in 1930.
High footwear tariff rates fall disproportionately on working class individuals and families. While U.S. tariffs on all consumer goods average just 1.9 percent, they average 11.3 percent for footwear and reach rates as high as 67.5 percent. Adding a 25 percent tax increase on top of these tariffs would mean some working American families could pay a nearly 100 percent duty on their shoes. This is unfathomable.
There have been suggestions that industries should quickly shift sourcing to countries other than China in the wake of these additional tariff threats. While our industry has been moving away from China for some time now, footwear is a very capital-intensive industry, with years of planning required to make sourcing decisions, and companies cannot simply move factories to adjust to these changes. Any action taken to increase duties on Chinese footwear will have an immediate and long-lasting effect on American individuals and families. It will also threaten the very economic viability of many companies in our industry.
On behalf of our hundreds of millions of footwear consumers and hundreds of thousands of employees, we ask that you immediately stop this action to increase their tax burden. Your proposal to add tariffs on all imports from China is asking the American consumer to foot the bill. It is time to bring this trade war to an end.
It is not surprising these people oppose the American punishing tariffs Trump proposes on shoes.
There are a few points one should really pay attention to.
1) These tariffs if shoe sales remain the same(doubtful given the higher prices) will cost Americans about $7 billion annually.
2) Why if tariffs are so beneficial have the antidumping tariffs already in existence on shoes not worked to move manufacturing back to the USA??? Some shoes and components already have 67% tariffs and now Trump plans on putting another 25% on them bring the total tariff burden on Americans buying those product to 93%.
I'll wait while you twist your answers in attempts to justify your position that the tariffs are good for America. (the weaker among you will simply post insults ignoring the facts in the letter)
This post was edited on 5/20/19 at 5:48 pm
Posted on 5/20/19 at 5:19 pm to I B Freeman
I guess we should start making basketball and running shoes here in America..
Posted on 5/20/19 at 5:20 pm to I B Freeman
All the garbage that you have spewed for weeks and weeks, you have failed to make one point.
We cannot let China continue to do what they have done to us. What would YOU DO to stop them?
We cannot let China continue to do what they have done to us. What would YOU DO to stop them?
Posted on 5/20/19 at 5:20 pm to I B Freeman
Long Game. You know this. Stop!
Posted on 5/20/19 at 5:21 pm to I B Freeman
So the Ducks won't get new unis for the opener against Auburn?
Take Phils dick outta your mouth.
Take Phils dick outta your mouth.
Posted on 5/20/19 at 5:22 pm to I B Freeman
I’m guessing New Balance disagrees with this letter.
Funny how their shoes are better, and priced the same as Nike.
Funny how their shoes are better, and priced the same as Nike.
This post was edited on 5/20/19 at 5:23 pm
Posted on 5/20/19 at 5:22 pm to I B Freeman
Yes, using sweatshop labor to assemble 200 dollar pairs of shoes for less than 4 bucks is good.
Trying to stop IP theft and destruction of manufacturing sector bad.
Oh, and Trump should even feel bad about it too.
Keep me posted. Waiting on baited breath.
Trying to stop IP theft and destruction of manufacturing sector bad.
Oh, and Trump should even feel bad about it too.
Keep me posted. Waiting on baited breath.
Posted on 5/20/19 at 5:26 pm to texag7
Hopefully the response is also made public
Posted on 5/20/19 at 5:32 pm to I B Freeman
quote:
On behalf of our hundreds of millions of footwear consumers and hundreds of thousands of employees, we ask that you immediately stop this action to increase their tax burden. Your proposal to add tariffs on all imports from China is asking the American consumer to foot the bill.
By employees do they mean the Chinese sweat shop slave laborers they pay $20 a month to assemble their product as opposed to employing American workers a fair wage? I'm sure it's all about protecting the American consumer as opposed to protecting the end of year cushy bonuses dished out to senior management. God forbid American firms perpetuating China's global economic rip off might have to consider restructuring their supply chain.
Posted on 5/20/19 at 5:37 pm to Hogs78
quote:
I guess we should start making basketball and running shoes here in America..
Costs more than child laborers in Bangladesh
Posted on 5/20/19 at 5:39 pm to psk_Vol
When it gets brought up they pay sweatshop wages for these overpriced shoes it won't end well for them.
Huge profit margins.
Huge profit margins.
Posted on 5/20/19 at 5:43 pm to I B Freeman
Love their high horse.
Coming from those that charge 200$ for a pair of sneakers I feel terrible for them
Coming from those that charge 200$ for a pair of sneakers I feel terrible for them
Posted on 5/20/19 at 5:43 pm to I B Freeman
Overpriced shoes made with what is essentially modern slave labor is your argument against tariffs?
Posted on 5/20/19 at 5:43 pm to I B Freeman
I just want to state on the record that I have been calling IB a clown for YEARS.
Posted on 5/20/19 at 5:47 pm to I B Freeman
Glad to see your support of slave labor and criminalizing homosexual relationships.
Posted on 5/20/19 at 5:47 pm to I B Freeman
Is this where I feel sad for Nike and Colin Kap?
Posted on 5/20/19 at 5:51 pm to BuckyCheese
Do you think labor is 93% of the cost?
Posted on 5/20/19 at 5:52 pm to KingOrange
An echo chamber is still a much more intelligent atmosphere for conversation about real politics than reading another troll post by IB Clueless.
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