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FDRA claims duties on children's footwear have increased 191% since 2005

Aug 30, 2016 United States
FDRA claims duties on children's footwear have increased 191% since 2005
Based on that the Footwear Distributors and Retailers of America (FDRA) claims that TPP would save 1.5 billion US dollars on duties in a decade
The recently issued Back to School Children's Footwear report announces that in 2015 duties on children's footwear crossed the 300 million US dollars mark for the first time, having increased by 191% since 2005.

The same source believes the TPP would cut children's footwear duties by 125 million US dollars in year one, totaling roughly 1.5 billion US dollars on children's footwear duties in just over a decade.

"Today, as back-to-school footwear sales continue, FDRA releases a special report showing a growing burden on EVERY working class family. The report shows a shocking 191% increase in footwear duties over 10 years, and a record duty collection of over 300 million US dollars in 2015," stated FDRA President Matt Priest, adding:  "Worse, the magnification effect - costs added on top of the duty including transport, marketing, warehouse, and retail wages - means Americans are currently paying close to a billion dollars more than they need too for their kids shoes...to protect ZERO domestic manufacturing jobs as we haven't mass produced kids' shoes in America in over 30 years.” 

Mr. Priest added: "We do report a silver lining - as children footwear imports from Vietnam continue to grow, we estimate American families could save 4 billion US dollars at retail on kids' shoes over the full 12 year implementation process IF TPP passes Congress”. Mr. Priest continued claiming a change of position from the Presidential Candidates regarding TPP.

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