American tax news and archive

AAFA sets record straight regarding claims the administration is protecting American consumers this holiday

The American Apparel & Footwear Association today clarified that analysis of the Tranche 4A and 4B lists of products, which will be hit with an additional 10% tariff on September 1 and December 15, shows that: 77% of all apparel, footwear, and home textile products imported to the U.S. from China will be hit with an additional 10% tariff on...

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Apparel and footwear industry decries President's decision to move forward with unnecessary tax on American consumers

WASHINGTON, D.C. – August 1, 2019 – The apparel and footwear industry expressed its deep frustration following the announcement by President Donald J. Trump that he will direct his administration to impose a punitive 10% tariff on a list of $300 billion worth of U.S. imports from China beginning September 1. “Tariffs are taxes on American...