Don't tread on America's shoe manufacturers
If you ask Alliance for American Manufacturing (AAM) Exercutive Director Scott Paul, he's a big fan of New Balance's American-made shoes. He says he has 10 pairs of New Balance sneakers in his closet.
Many Americans are also fans of New Balance's high-quality, Made-in-USA footwear.
Maintaining their New England-based manufacturing operations could soon be more difficult for New Balance, however, according to the Washington Post's Peter Whoriskey.
In a profile on New Balance, Whoriskey explains that a potential free trade agreement with Vietnam could open the door to a flood of new sneaker imports:
The company’s primary concern is that any free-trade agreement with Vietnam would probably eliminate the steep tariff on footwear imported from that country, making Vietnamese sneakers even cheaper than they already are.
New Balance officials said removing the tariff would also undermine years of efforts at the company’s five New England factories to compete against cheap foreign labor. The plants employ 1,000 workers.
Related recent Blogs
- March 7, 2014: Weak #MFG job growth and a big trade deficit earn Obama the saddest of trombones • by mmcmullan • 03/07/2014
- It wasn't all weather: What's behind the weak manufacturing jobs report. • by admin • 03/07/2014
- A Berry good story on American-made footwear • by mmcmullan • 03/06/2014
- White House economic adviser Gene Sperling shares words of wisdom on his way out • by TGarland • 03/05/2014
- EPI: Address currency manipulation and you address the jobs deficit • by mmcmullan • 03/05/2014
- A first look at the president's budget proposal for 2015 • by mmcmullan • 03/04/2014
- The U.S. needs a stronger domestic supply chain in the event of an attack • by TGarland • 03/04/2014
- Campaigns and political parties take note: We've got the key to attracting voters • by LDonia • 03/03/2014
- And the award goes to ... American workers • by TGarland • 03/03/2014
- March 3, 2014: Cold weather and cold Oscars pizza go together • by mmcmullan • 03/03/2014