the number one international fishing trade magazine.

LOWER CLOTHING PRICES FOR USA CUSTOMERS

USA-flag

The Optimal Use of Trade to Develop Outerwear and Outdoor Recreation (OUTDOOR) Act, a bill to reduce import taxes on outdoor apparel, was introduced in the US Congress recently.

Senators Roy Blunt and Maria Cantwell, along with Representatives Dave Reichert and Earl Blumenauer, introduced the bill aiming to lower tariffs on recreational performance apparel.

The legislation is designed to make products like jackets and pants more affordable for American consumers, create jobs and help clothing designers and retailers better compete in the global economy. It would make outdoor recreation apparel items duty-free, thereby eliminating the “hidden tax” on these goods.

Roy said import tariffs on outdoor products are as high as 40 per cent.

“These taxes mean higher costs for businesses and consumers, less innovation, and fewer US jobs. By eliminating import tariffs on outdoor apparel, the OUTDOOR Act will help grow the $887 billion outdoor recreation economy and encourage more Americans to enjoy the great outdoors,” he added. “I urge all of my colleagues to support this bipartisan and bicameral bill.”

Author: tackletradeworld

Share This Post On
468 ad